Maxar Technologies (NYSE:MAXR) received a $20.00 price target from Raymond James in a research note issued on Friday, May 24th, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 226.26% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. ValuEngine raised Maxar Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. National Bank Financial cut their price target on Maxar Technologies from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Friday, January 25th. TD Securities lowered their price objective on Maxar Technologies from $24.00 to $18.50 and set a “speculative buy” rating for the company in a research report on Monday, January 28th. CIBC downgraded Maxar Technologies from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Friday, March 1st. Finally, Zacks Investment Research raised Maxar Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.88.
Shares of Maxar Technologies stock traded up $0.16 during trading on Friday, reaching $6.13. The company’s stock had a trading volume of 1,490,149 shares, compared to its average volume of 3,395,326. The company has a market cap of $365.31 million, a PE ratio of -2.11 and a beta of 0.35. Maxar Technologies has a 12-month low of $3.83 and a 12-month high of $55.28. The company has a debt-to-equity ratio of 5.47, a current ratio of 0.83 and a quick ratio of 0.79.
Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($1.13). The firm had revenue of $504.00 million for the quarter, compared to analyst estimates of $476.55 million. Maxar Technologies had a negative return on equity of 0.91% and a negative net margin of 69.96%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts anticipate that Maxar Technologies will post -0.73 EPS for the current fiscal year.
In related news, insider Mike Greenley bought 10,715 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $5.23 per share, with a total value of $56,039.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of Maxar Technologies by 51.6% in the first quarter. Morgan Stanley now owns 1,225,539 shares of the company’s stock worth $4,926,000 after acquiring an additional 417,269 shares in the last quarter. SEI Investments Co acquired a new position in shares of Maxar Technologies in the first quarter worth about $83,000. Hsbc Holdings PLC acquired a new position in shares of Maxar Technologies in the first quarter worth about $59,000. Blueshift Asset Management LLC acquired a new position in shares of Maxar Technologies in the first quarter worth about $40,000. Finally, AQR Capital Management LLC lifted its stake in shares of Maxar Technologies by 866.2% in the first quarter. AQR Capital Management LLC now owns 586,015 shares of the company’s stock worth $2,356,000 after acquiring an additional 525,361 shares in the last quarter. 72.36% of the stock is owned by institutional investors.
About Maxar Technologies
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for 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, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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