Shares of Maxar Technologies Ltd (NYSE:MAXR) have been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.29.
Several brokerages have issued reports on MAXR. TD Securities lowered their price target on shares of Maxar Technologies from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price target on shares of Maxar Technologies in a report on Tuesday, July 17th. Zacks Investment Research raised shares of Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Saturday, August 4th. Finally, Royal Bank of Canada lowered their price target on shares of Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, September 5th.
Institutional investors have recently made changes to their positions in the business. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Maxar Technologies by 3.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,171 shares of the company’s stock worth $3,090,000 after purchasing an additional 2,150 shares during the last quarter. Stevens First Principles Investment Advisors grew its holdings in shares of Maxar Technologies by 29.7% in the 2nd quarter. Stevens First Principles Investment Advisors now owns 13,925 shares of the company’s stock worth $703,000 after purchasing an additional 3,185 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Maxar Technologies in the 2nd quarter worth about $177,000. SG Americas Securities LLC grew its holdings in shares of Maxar Technologies by 141.0% in the 2nd quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock worth $369,000 after purchasing an additional 4,274 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Maxar Technologies in the 2nd quarter worth about $233,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:MAXR opened at $30.03 on Tuesday. The firm has a market cap of $1.79 billion and a P/E ratio of 14.10. Maxar Technologies has a one year low of $28.57 and a one year high of $67.30. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 1.45.
Maxar Technologies (NYSE:MAXR) last released its earnings results on Tuesday, July 31st. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The firm had revenue of $578.90 million during the quarter, compared to analysts’ expectations of $727.18 million. Maxar Technologies had a net margin of 3.95% and a return on equity of 11.10%. The firm’s revenue was up 54.3% on a year-over-year basis. As a group, analysts forecast that Maxar Technologies will post 4.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.2836 dividend. This represents a $1.13 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, September 13th. Maxar Technologies’s dividend payout ratio (DPR) is presently 53.05%.
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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