Maxar Technologies (MAXR) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Maxar Technologies (NYSE:MAXR) from a hold rating to a sell rating in a research report sent to investors on Friday morning, ValuEngine reports.

Several other equities research analysts also recently weighed in on the stock. TD Securities decreased their target price on shares of Maxar Technologies from $24.00 to $18.50 and set a speculative buy rating for the company in a research note on Monday, January 28th. National Bank Financial decreased their target price on shares of Maxar Technologies from $10.00 to $8.00 and set a sector perform rating for the company in a research note on Friday, January 25th. CIBC reiterated a hold rating and set a $6.00 target price on shares of Maxar Technologies in a research note on Tuesday, January 22nd. Raymond James decreased their target price on shares of Maxar Technologies from $25.00 to $20.00 and set an outperform rating for the company in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Maxar Technologies from a strong sell rating to a hold rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Maxar Technologies has a consensus rating of Hold and a consensus target price of $17.88.

Shares of MAXR opened at $7.27 on Friday. Maxar Technologies has a fifty-two week low of $3.83 and a fifty-two week high of $55.28. The stock has a market cap of $409.32 million, a PE ratio of -2.51 and a beta of 1.47. The company has a debt-to-equity ratio of 4.70, a current ratio of 0.75 and a quick ratio of 0.71.



Maxar Technologies (NYSE:MAXR) last announced its earnings results on Thursday, May 9th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($1.13). Maxar Technologies had a positive return on equity of 8.11% and a negative net margin of 64.00%. The business had revenue of $504.00 million for the quarter, compared to analyst estimates of $476.55 million. During the same quarter last year, the company posted $0.26 EPS. Maxar Technologies’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Maxar Technologies will post -2.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.55%. Maxar Technologies’s payout ratio is currently -1.38%.

In other news, insider Mike Greenley acquired 10,715 shares of Maxar Technologies stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $5.23 per share, for a total transaction of $56,039.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nick Cyprus acquired 5,000 shares of Maxar Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $5.03 per share, with a total value of $25,150.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 56,015 shares of company stock valued at $286,907. 0.59% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Maxar Technologies by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 183,090 shares of the company’s stock valued at $6,055,000 after buying an additional 4,822 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Maxar Technologies by 67.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 93,883 shares of the company’s stock valued at $3,104,000 after buying an additional 37,699 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Maxar Technologies during the 3rd quarter valued at about $7,056,000. Morgan Stanley raised its holdings in shares of Maxar Technologies by 23.8% during the 3rd quarter. Morgan Stanley now owns 1,237,688 shares of the company’s stock valued at $40,930,000 after buying an additional 237,658 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Maxar Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after buying an additional 269,041 shares in the last quarter. Hedge funds and other institutional investors own 72.39% of the company’s stock.

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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