Maxar Technologies Inc (NYSE:MAXR) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.67.
A number of brokerages have recently weighed in on MAXR. National Bank Financial raised their price target on Maxar Technologies from $7.00 to $8.50 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. BMO Capital Markets set a $8.00 price target on Maxar Technologies and gave the company a “hold” rating in a research report on Wednesday, August 7th. TD Securities raised their price target on Maxar Technologies from $7.00 to $8.50 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Raymond James restated an “outperform” rating and issued a $20.00 price target on shares of Maxar Technologies in a research report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded Maxar Technologies from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Friday, August 9th.
Several institutional investors and hedge funds have recently bought and sold shares of MAXR. Glassman Wealth Services boosted its stake in 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 buying an additional 7,465 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Maxar Technologies by 838.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,408 shares of the company’s stock worth $42,000 after buying an additional 4,832 shares during the last quarter. Menta Capital LLC acquired a new stake in Maxar Technologies in the 1st quarter worth about $53,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Maxar Technologies by 22.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,678 shares of the company’s stock worth $55,000 after buying an additional 2,482 shares during the last quarter. Finally, BNP Paribas Arbitrage SA acquired a new stake in Maxar Technologies in the 2nd quarter worth about $82,000. 72.44% of the stock is currently owned by institutional investors and hedge funds.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Maxar Technologies had a negative return on equity of 7.35% and a negative net margin of 64.83%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $519.36 million. During the same quarter last year, the business posted ($0.70) earnings per share. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. Analysts forecast that Maxar Technologies will post -1.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 0.60%. The ex-dividend date is Thursday, September 12th. Maxar Technologies’s payout ratio is currently -1.38%.
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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