Maxar Technologies Ltd (NYSE:MAXR) has received an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $51.00.
A number of brokerages recently commented on MAXR. TD Securities lowered their price objective on Maxar Technologies from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Maxar Technologies in a research report on Tuesday, July 17th. Zacks Investment Research upgraded Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Saturday, August 4th. Finally, Royal Bank of Canada reduced their target price on Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, September 5th.
A number of institutional investors and hedge funds have recently modified their holdings of MAXR. BlackRock Inc. boosted its holdings in Maxar Technologies by 72,953.9% during the second quarter. BlackRock Inc. now owns 2,658,433 shares of the company’s stock worth $134,303,000 after buying an additional 2,654,794 shares during the last quarter. Fiera Capital Corp bought a new position in Maxar Technologies during the second quarter worth about $109,848,000. Douglas Lane & Associates LLC boosted its holdings in Maxar Technologies by 48.1% during the third quarter. Douglas Lane & Associates LLC now owns 1,920,014 shares of the company’s stock worth $63,495,000 after buying an additional 623,501 shares during the last quarter. Northern Trust Corp boosted its holdings in Maxar Technologies by 1,183.4% during the second quarter. Northern Trust Corp now owns 529,738 shares of the company’s stock worth $26,762,000 after buying an additional 488,462 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Maxar Technologies during the second quarter worth about $21,817,000. Hedge funds and other institutional investors own 84.96% of the company’s stock.
Shares of MAXR stock opened at $18.00 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.94 and a quick ratio of 0.87. The stock has a market capitalization of $942.84 million and a P/E ratio of 8.45. Maxar Technologies has a 12 month low of $13.50 and a 12 month high of $67.30.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $508.20 million during 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%. Maxar Technologies’s revenue for the quarter was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities analysts anticipate that Maxar Technologies will post 3.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.283 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Thursday, December 13th. Maxar Technologies’s dividend payout ratio (DPR) is currently 53.05%.
About Maxar Technologies
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.
Read More: How analysts view the yield curve
Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.