Royal Bank of Canada Trims Maxar Technologies (MAXR) Target Price to $40.00

Maxar Technologies (NYSE:MAXR) had its price objective decreased by Royal Bank of Canada to $40.00 in a report released on Thursday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Raymond James lowered their price target on shares of Maxar Technologies from $59.00 to $25.00 and set an outperform rating on the stock in a research note on Thursday. BMO Capital Markets set a $35.00 price target on shares of Maxar Technologies and gave the company a buy rating in a research note on Thursday. CIBC lowered shares of Maxar Technologies from a sector outperform rating to a neutral rating in a research note on Thursday. TD Securities lowered their price target on shares of Maxar Technologies from $65.00 to $60.00 and set a buy rating on the stock in a research note on Wednesday, October 24th. Finally, Canaccord Genuity reiterated a buy rating on shares of Maxar Technologies in a research note on Wednesday, September 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Maxar Technologies currently has a consensus rating of Buy and an average price target of $52.90.

Shares of NYSE:MAXR traded up $1.68 during midday trading on Thursday, reaching $16.23. 1,239,497 shares of the company were exchanged, compared to its average volume of 523,296. Maxar Technologies has a fifty-two week low of $13.50 and a fifty-two week high of $67.30. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 1.80. The firm has a market cap of $959.99 million and a price-to-earnings ratio of 7.62.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.30). Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. The company had revenue of $508.20 million for the quarter, compared to analyst estimates of $726.45 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue was up 50.6% on a year-over-year basis. Research analysts expect that Maxar Technologies will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.283 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.13 annualized dividend and a dividend yield of 6.98%. Maxar Technologies’s dividend payout ratio is presently 53.05%.

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $177,000. Trexquant Investment LP acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $233,000. GHP Investment Advisors Inc. acquired a new position in shares of Maxar Technologies during the 3rd quarter worth about $298,000. Paloma Partners Management Co acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $302,000. Finally, SG Americas Securities LLC increased its stake in shares of Maxar Technologies by 141.0% during the 2nd quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock worth $369,000 after purchasing an additional 4,274 shares during the last quarter. Institutional investors own 85.44% of the company’s stock.

About Maxar Technologies

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the 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, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

Featured Story: Book Value Per Share – BVPS

The Fly

Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply