Other equities research analysts also recently issued reports about the stock. National Bank Financial boosted their price objective on shares of Maxar Technologies from $6.00 to $7.00 and gave the stock a sector perform rating in a research note on Friday, May 10th. TD Securities reduced their target price on shares of Maxar Technologies from $7.50 to $7.00 and set a hold rating on the stock in a research report on Monday, May 13th. Raymond James reduced their target price on shares of Maxar Technologies from $25.00 to $20.00 and set an outperform rating on the stock in a research report on Friday, March 1st. CIBC cut shares of Maxar Technologies from a neutral rating to an underperform rating and reduced their target price for the stock from $6.00 to $5.00 in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of Maxar Technologies from a strong sell rating to a hold rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $17.88.
MAXR opened at $7.31 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 5.47. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $55.28. The company has a market cap of $435.63 million, a price-to-earnings ratio of -2.52 and a beta of 1.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.55%. Maxar Technologies’s payout ratio is currently -1.38%.
In related news, insider Mike Greenley purchased 10,715 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $5.23 per share, with a total value of $56,039.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel L. Jablonsky purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $5.15 per share, for a total transaction of $103,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 56,015 shares of company stock worth $286,907. Corporate insiders own 0.59% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Maxar Technologies by 5.1% in the third quarter. Vanguard Group Inc. now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after acquiring an additional 269,041 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in Maxar Technologies by 0.3% in the fourth quarter. Shapiro Capital Management LLC now owns 3,744,384 shares of the company’s stock valued at $44,783,000 after acquiring an additional 9,506 shares in the last quarter. BlackRock Inc. raised its holdings in Maxar Technologies by 7.1% in the fourth quarter. BlackRock Inc. now owns 2,879,544 shares of the company’s stock valued at $34,439,000 after acquiring an additional 191,500 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in Maxar Technologies by 46.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,817,211 shares of the company’s stock valued at $33,694,000 after acquiring an additional 897,197 shares in the last quarter. Finally, Taylor Asset Management Inc. raised its holdings in Maxar Technologies by 70.0% in the first quarter. Taylor Asset Management Inc. now owns 2,228,512 shares of the company’s stock valued at $9,005,000 after acquiring an additional 917,549 shares in the last quarter. 72.54% of the stock is currently owned by hedge funds and other 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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