Maxar Technologies (NYSE:MAXR) Price Target Increased to $9.50 by Analysts at TD Securities

Maxar Technologies (NYSE:MAXR) had its target price increased by TD Securities from $8.50 to $9.50 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. BMO Capital Markets set a $8.00 target price on Maxar Technologies and gave the stock a hold rating in a research note on Wednesday, August 7th. Credit Suisse Group set a $5.00 target price on Maxar Technologies and gave the stock a sell rating in a research note on Monday, July 15th. Raymond James reiterated an outperform rating and set a $20.00 price target on shares of Maxar Technologies in a research report on Wednesday, August 7th. ValuEngine upgraded Maxar Technologies from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on Maxar Technologies in a research report on Tuesday. They set an overweight rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $12.70.

Shares of MAXR traded up $0.46 during mid-day trading on Wednesday, reaching $9.63. The company had a trading volume of 3,298,986 shares, compared to its average volume of 1,816,771. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $37.71. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $418.97 million, a P/E ratio of -3.32 and a beta of 0.63. The stock has a 50 day moving average of $7.18 and a two-hundred day moving average of $6.58.



Maxar Technologies (NYSE:MAXR) last issued its earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, topping 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 firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $519.36 million. During the same quarter in the prior year, the business earned ($0.70) earnings per share. The company’s revenue was down 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Maxar Technologies will post -1.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. Maxar Technologies’s dividend payout ratio is currently -1.38%.

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of Maxar Technologies by 838.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,408 shares of the company’s stock valued at $42,000 after acquiring an additional 4,832 shares during the last quarter. Glassman Wealth Services raised its holdings in shares of 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 acquiring an additional 7,465 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Maxar Technologies during the second quarter valued at approximately $82,000. Capital Wealth Management LLC acquired a new position in shares of Maxar Technologies during the second quarter valued at approximately $91,000. Finally, First Interstate Bank acquired a new position in shares of Maxar Technologies during the second quarter valued at approximately $94,000. Institutional investors own 78.38% 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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