Maxar Technologies Inc. (NYSE:MAXR) Given Average Rating of "Moderate Buy" by Brokerages – MarketBeat
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Maxar Technologies Inc. (NYSE:MAXR – Get Rating) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $37.00.
MAXR has been the subject of a number of research reports. TD Securities dropped their price target on Maxar Technologies from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Truist Financial lowered their price objective on Maxar Technologies from $44.00 to $37.00 in a research note on Wednesday. Canaccord Genuity Group lowered their price objective on Maxar Technologies from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Royal Bank of Canada lowered their price objective on Maxar Technologies from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Finally, Robert W. Baird lowered their price objective on Maxar Technologies from $52.00 to $45.00 in a research note on Wednesday, August 10th.
Institutional Trading of Maxar Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Maxar Technologies in the 2nd quarter worth $29,000. Truvestments Capital LLC acquired a new stake in shares of Maxar Technologies in the 2nd quarter worth $31,000. US Bancorp DE boosted its position in shares of Maxar Technologies by 24.3% in the 2nd quarter. US Bancorp DE now owns 2,405 shares of the company’s stock worth $62,000 after purchasing an additional 470 shares in the last quarter. Ellevest Inc. lifted its position in Maxar Technologies by 3,768.1% during the 2nd quarter. Ellevest Inc. now owns 3,636 shares of the company’s stock worth $95,000 after acquiring an additional 3,542 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Maxar Technologies during the 3rd quarter worth about $85,000. Institutional investors own 78.30% of the company’s stock.
Maxar Technologies Price Performance
Shares of Maxar Technologies stock opened at $23.11 on Thursday. The stock has a 50 day moving average of $21.78 and a 200 day moving average of $24.85. Maxar Technologies has a 12 month low of $17.51 and a 12 month high of $40.48. The firm has a market cap of $1.72 billion, a PE ratio of 60.82, a PEG ratio of 0.05 and a beta of 1.40. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.49.
Maxar Technologies (NYSE:MAXR – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). Maxar Technologies had a net margin of 1.72% and a return on equity of 2.73%. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $458.17 million. On average, research analysts expect that Maxar Technologies will post 18.94 EPS for the current fiscal year.
Maxar Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.17%. Maxar Technologies’s payout ratio is currently 10.53%.
About Maxar Technologies
(Get Rating)
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 two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.
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