National Bank Financial Increases Maxar Technologies (MAXR) Price Target to $7.00

Maxar Technologies (NYSE:MAXR) had its target price lifted by National Bank Financial from $6.00 to $7.00 in a research note published on Friday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

MAXR has been the topic of a number of other reports. Raymond James decreased their price objective on Maxar Technologies from $25.00 to $20.00 and set an outperform rating on the stock in a research report on Friday, March 1st. TD Securities decreased their price objective on Maxar Technologies from $9.00 to $6.50 and set a hold rating on the stock in a research report on Friday, March 22nd. Zacks Investment Research upgraded Maxar Technologies from a strong sell rating to a hold rating in a research report on Wednesday, May 8th. ValuEngine lowered Maxar Technologies from a hold rating to a sell rating in a research report on Tuesday, April 9th. Finally, CIBC lowered Maxar Technologies from a neutral rating to an underperform rating and decreased their price objective for the company from $6.00 to $5.00 in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $17.88.

Shares of MAXR opened at $7.27 on Friday. The firm has a market capitalization of $409.32 million, a price-to-earnings ratio of -2.51 and a beta of 1.47. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.71 and a current ratio of 0.75. Maxar Technologies has a 52 week low of $3.83 and a 52 week high of $55.28.



Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data 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 firm had revenue of $504.00 million during the quarter, compared to the consensus estimate of $476.55 million. Maxar Technologies had a negative net margin of 64.00% and a positive return on equity of 8.11%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. Analysts forecast that Maxar Technologies will post -2.37 EPS for the current year.

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

In related news, insider Mike Greenley purchased 10,715 shares of Maxar Technologies stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $5.23 per share, for a total transaction of $56,039.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel L. Jablonsky purchased 20,000 shares of Maxar Technologies stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $5.15 per share, for a total transaction of $103,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 56,015 shares of company stock worth $286,907 over the last 90 days. 0.59% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Maxar Technologies by 10.1% in the 1st quarter. Northern Trust Corp now owns 515,282 shares of the company’s stock worth $2,072,000 after purchasing an additional 47,113 shares during the last quarter. Glassman Wealth Services boosted its position in shares of Maxar Technologies by 965.7% in the 1st quarter. Glassman Wealth Services now owns 8,238 shares of the company’s stock worth $33,000 after purchasing an additional 7,465 shares during the last quarter. Elk Creek Partners LLC acquired a new stake in Maxar Technologies during the 1st quarter worth $6,663,000. Federated Investors Inc. PA raised its stake in Maxar Technologies by 132.0% during the 1st quarter. Federated Investors Inc. PA now owns 303,436 shares of the company’s stock worth $1,220,000 after buying an additional 172,655 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Maxar Technologies during the 1st quarter worth $25,000. Institutional investors and hedge funds own 72.39% of the company’s stock.

Maxar Technologies Company Profile

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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