Maxar Technologies (NYSE:MAXR) Trading 6.2% Higher

Maxar Technologies Inc (NYSE:MAXR)’s stock price traded up 6.2% during trading on Friday . The stock traded as high as $7.42 and last traded at $7.34, 1,186,378 shares changed hands during mid-day trading. A decline of 36% from the average session volume of 1,845,623 shares. The stock had previously closed at $6.91.

Several research analysts recently commented on the company. Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the stock a “sell” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded Maxar Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded Maxar Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday. National Bank Financial boosted their price target on Maxar Technologies from $7.00 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, TD Securities boosted their price target on Maxar Technologies from $7.00 to $8.50 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Maxar Technologies presently has an average rating of “Hold” and an average price target of $18.11.

The stock’s 50 day moving average is $8.09. The stock has a market cap of $411.80 million, a PE ratio of -2.53 and a beta of 0.66. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 5.47.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($1.13). Maxar Technologies had a negative net margin of 69.96% and a negative return on equity of 0.91%. The firm had revenue of $504.00 million for the quarter, compared to analyst estimates of $476.55 million. During the same quarter in the previous year, the company earned $0.26 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Maxar Technologies Inc will post -0.73 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glassman Wealth Services raised its stake in Maxar Technologies by 965.7% during the first quarter. Glassman Wealth Services now owns 8,238 shares of the company’s stock valued at $33,000 after buying an additional 7,465 shares in the last quarter. Menta Capital LLC acquired a new stake in Maxar Technologies during the first quarter valued at approximately $53,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Maxar Technologies by 22.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,678 shares of the company’s stock valued at $55,000 after buying an additional 2,482 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Maxar Technologies during the second quarter valued at approximately $82,000. Finally, Penserra Capital Management LLC acquired a new stake in Maxar Technologies during the first quarter valued at approximately $127,000. Hedge funds and other institutional investors own 72.68% of the company’s stock.

About Maxar Technologies (NYSE:MAXR)

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.

Read More: What is a Buy-Side Analyst?

Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.