CIBC reaffirmed their neutral rating on shares of Maxar Technologies (NYSE:MAXR) in a research note issued to investors on Wednesday morning. The firm currently has a $15.00 target price on the stock.
MAXR has been the topic of several other research reports. Zacks Investment Research upgraded shares of Maxar Technologies from a strong sell rating to a hold rating in a research report on Wednesday, January 2nd. BMO Capital Markets set a $35.00 price target on shares of Maxar Technologies and gave the stock a buy rating in a research report on Thursday, November 1st. Canaccord Genuity lowered shares of Maxar Technologies from a speculative buy rating to a hold rating and reduced their price target for the stock from $30.00 to $10.00 in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of Maxar Technologies to $40.00 and set an outperform rating on the stock in a research report on Thursday, November 1st. Finally, Raymond James reduced their price target on shares of Maxar Technologies from $59.00 to $25.00 and set an outperform rating on the stock in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Maxar Technologies currently has a consensus rating of Hold and a consensus price target of $34.72.
Shares of NYSE:MAXR traded down $0.37 on Wednesday, reaching $5.83. 1,788,557 shares of the company’s stock were exchanged, compared to its average volume of 2,873,176. Maxar Technologies has a twelve month low of $5.04 and a twelve month high of $64.00. The firm has a market cap of $372.75 million, a PE ratio of 2.74 and a beta of 2.71. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.80.
Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $508.20 million for the quarter, compared to analyst estimates of $726.45 million. Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. The business’s revenue was up 50.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. On average, research analysts expect that Maxar Technologies will post 3.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were paid a $0.283 dividend. This represents a $1.13 annualized dividend and a yield of 19.42%. The ex-dividend date was Thursday, December 13th. Maxar Technologies’s payout ratio is 52.11%.
A number of large investors have recently modified their holdings of the stock. IMS Capital Management bought a new position in Maxar Technologies in the 3rd quarter valued at approximately $35,000. Teachers Advisors LLC lifted its stake in Maxar Technologies by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 110,900 shares of the company’s stock valued at $3,667,000 after purchasing an additional 1,209 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Maxar Technologies by 5.3% during the third quarter. Rhumbline Advisers now owns 58,975 shares of the company’s stock valued at $1,950,000 after acquiring an additional 2,951 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Maxar Technologies during the second quarter valued at $177,000. Finally, SG Americas Securities LLC raised its stake in shares of Maxar Technologies by 141.0% during the second quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock valued at $369,000 after acquiring an additional 4,274 shares during the last quarter. 82.92% of the stock is owned by institutional investors and hedge funds.
Maxar Technologies Company Profile
Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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