Maxar Technologies (NYSE:MAXR) Stock Price Down 0.9%

Maxar Technologies Inc (NYSE:MAXR) shares traded down 0.9% during mid-day trading on Tuesday . The company traded as low as $6.78 and last traded at $6.84, 66,229 shares changed hands during trading. A decline of 96% from the average session volume of 1,555,370 shares. The stock had previously closed at $6.90.

A number of equities analysts have issued reports on the stock. National Bank Financial lifted their price objective on shares of Maxar Technologies from $7.00 to $8.50 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Raymond James set a $20.00 price objective on shares of Maxar Technologies and gave the stock an “outperform” rating in a report on Monday, July 15th. ValuEngine raised shares of Maxar Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. TD Securities lifted their price objective on shares of Maxar Technologies from $7.00 to $8.50 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research raised shares of Maxar Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Maxar Technologies has an average rating of “Hold” and a consensus price target of $14.00.

The company has a debt-to-equity ratio of 5.47, a current ratio of 0.83 and a quick ratio of 0.79. The stock has a market capitalization of $419.51 million, a PE ratio of -2.47 and a beta of 0.65. The stock has a fifty day simple moving average of $8.13.

Maxar Technologies (NYSE:MAXR) last released its earnings results on Thursday, May 9th. The company reported ($0.99) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($1.13). The business had revenue of $504.00 million for the quarter, compared to the consensus estimate of $476.55 million. Maxar Technologies had a negative return on equity of 0.91% and a negative net margin of 69.96%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, equities analysts anticipate that Maxar Technologies Inc will post -0.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, September 12th. Maxar Technologies’s payout ratio is -1.38%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Maxar Technologies by 7.1% during the fourth quarter. BlackRock Inc. now owns 2,879,544 shares of the company’s stock worth $34,439,000 after buying an additional 191,500 shares in the last quarter. Bank of America Corp DE boosted its holdings in Maxar Technologies by 22.2% during the fourth quarter. Bank of America Corp DE now owns 80,730 shares of the company’s stock worth $966,000 after buying an additional 14,650 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Maxar Technologies by 212.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 34,459 shares of the company’s stock worth $412,000 after buying an additional 23,413 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Maxar Technologies by 316.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,655 shares of the company’s stock worth $211,000 after buying an additional 13,420 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Maxar Technologies during the fourth quarter worth approximately $605,000. Institutional investors own 70.20% 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.

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