Royal Bank of Canada Cuts Maxar Technologies (NYSE:MAXR) Price Target to $30.00 – MarketBeat
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Maxar Technologies (NYSE:MAXR – Get Rating) had its price target decreased by investment analysts at Royal Bank of Canada from $32.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 37.55% from the stock’s current price.
A number of other brokerages also recently weighed in on MAXR. Robert W. Baird lowered their target price on shares of Maxar Technologies from $52.00 to $45.00 in a research note on Wednesday, August 10th. Truist Financial dropped their price target on Maxar Technologies from $52.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Canaccord Genuity Group decreased their price objective on Maxar Technologies from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company cut their target price on Maxar Technologies from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 11th. Finally, Morgan Stanley decreased their price target on shares of Maxar Technologies from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.
Maxar Technologies Stock Performance
Shares of NYSE:MAXR traded up $1.29 during trading on Friday, hitting $21.81. 17,958 shares of the company were exchanged, compared to its average volume of 402,414. Maxar Technologies has a 52-week low of $17.51 and a 52-week high of $40.48. The stock has a 50 day moving average of $21.20 and a 200 day moving average of $25.84. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market cap of $1.62 billion, a PE ratio of 35.03, a P/E/G ratio of 0.82 and a beta of 1.40.
Maxar Technologies (NYSE:MAXR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $453.89 million. Maxar Technologies had a net margin of 2.75% and a return on equity of 2.93%. As a group, equities research analysts predict that Maxar Technologies will post 0.89 EPS for the current year.
Hedge Funds Weigh In On Maxar Technologies
A number of hedge funds have recently bought and sold shares of MAXR. Victory Capital Management Inc. raised its stake in shares of Maxar Technologies by 52.4% in the first quarter. Victory Capital Management Inc. now owns 904,306 shares of the company’s stock worth $35,575,000 after purchasing an additional 311,101 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Maxar Technologies in the first quarter worth approximately $3,528,000. Keeley Teton Advisors LLC raised its holdings in shares of Maxar Technologies by 68.1% during the first quarter. Keeley Teton Advisors LLC now owns 130,203 shares of the company’s stock valued at $5,138,000 after purchasing an additional 52,762 shares during the last quarter. Next Level Private LLC bought a new position in Maxar Technologies during the first quarter valued at approximately $1,280,000. Finally, Valicenti Advisory Services Inc. purchased a new stake in Maxar Technologies in the second quarter worth approximately $1,712,000. Institutional investors own 78.30% of the company’s stock.
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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