Maxar Technologies (MAXR) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Maxar Technologies (NYSE:MAXR) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

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.

Maxar Technologies (NYSE:MAXR) last released 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). Maxar Technologies had a negative return on equity of 0.91% and a negative net margin of 69.96%. The business had revenue of $504.00 million for the quarter, compared to analysts’ expectations of $476.55 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Maxar Technologies’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts predict that Maxar Technologies will post -0.73 earnings per share for the current fiscal year.

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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Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

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