Maxar Technologies (NYSE:MAXR) Price Target Lowered to $48.00 at TD Securities


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Maxar Technologies (NYSE:MAXR) had its price objective dropped by equities researchers at TD Securities from $51.00 to $48.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 63.65% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Truist assumed coverage on shares of Maxar Technologies in a report on Wednesday, March 17th. They set a “buy” rating and a $59.00 price target on the stock. Canaccord Genuity cut their price target on shares of Maxar Technologies from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, March 25th. Credit Suisse Group cut their price target on shares of Maxar Technologies from $56.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, March 22nd. Zacks Investment Research downgraded shares of Maxar Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Raymond James lowered their target price on shares of Maxar Technologies to $55.00 and set a “market perform” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $48.30.

Maxar Technologies stock traded down $9.90 during mid-day trading on Tuesday, reaching $29.33. The company had a trading volume of 353,647 shares, compared to its average volume of 1,593,809. The company has a market cap of $1.81 billion, a P/E ratio of 4.73 and a beta of 1.45. The business has a fifty day simple moving average of $38.58 and a 200 day simple moving average of $37.81. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. Maxar Technologies has a fifty-two week low of $8.65 and a fifty-two week high of $58.75.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings results on Sunday, May 2nd. The company reported ($1.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.24). The business had revenue of $392.00 million for the quarter, compared to analyst estimates of $435.81 million. Maxar Technologies had a negative return on equity of 12.49% and a net margin of 23.17%. Maxar Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.80) EPS. Research analysts forecast that Maxar Technologies will post 3.51 EPS for the current year.

In related news, CEO Daniel L. Jablonsky purchased 1,500 shares of the firm’s stock in a transaction on Thursday, March 25th. The stock was purchased at an average cost of $35.72 per share, with a total value of $53,580.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.87% of the company’s stock.

Several institutional investors have recently modified their holdings of MAXR. Commonwealth Equity Services LLC boosted its position in shares of Maxar Technologies by 16.5% during the first quarter. Commonwealth Equity Services LLC now owns 23,607 shares of the company’s stock valued at $892,000 after buying an additional 3,339 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Maxar Technologies in the 1st quarter worth $105,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Maxar Technologies in the first quarter valued at about $41,000. Empire Life Investments Inc. lifted its position in shares of Maxar Technologies by 20.7% during the first quarter. Empire Life Investments Inc. now owns 370,024 shares of the company’s stock valued at $13,994,000 after purchasing an additional 63,399 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Maxar Technologies in the 1st quarter worth about $169,000. 70.53% of the stock is owned by hedge funds and other institutional investors.

Maxar Technologies Company Profile

Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.

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Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

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