Maxar Technologies (MAXR) Sets New 1-Year Low at $13.19

Maxar Technologies Ltd (NYSE:MAXR) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $13.19 and last traded at $14.43, with a volume of 45926 shares. The stock had previously closed at $15.14.

MAXR has been the topic of several analyst reports. Royal Bank of Canada decreased their price objective on Maxar Technologies from $65.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. TD Securities decreased their price objective on Maxar Technologies from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. BMO Capital Markets set a $35.00 price objective on Maxar Technologies and gave the stock a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded Maxar Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, November 8th. Finally, Canaccord Genuity restated a “buy” rating on shares of Maxar Technologies in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $52.90.

The firm has a market cap of $895.74 million, a PE ratio of 6.76 and a beta of 3.20. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.80.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.30). Maxar Technologies had a negative net margin of 17.81% and a positive return on equity of 10.93%. The business had revenue of $508.20 million for the quarter, compared to analysts’ expectations of $726.45 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 50.6% on a year-over-year basis. On average, analysts forecast that Maxar Technologies Ltd will post 3.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.283 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.13 dividend on an annualized basis and a yield of 7.70%. Maxar Technologies’s dividend payout ratio is presently 53.05%.

Large investors have recently made changes to their positions in the stock. Aperio Group LLC bought a new stake in Maxar Technologies during the 2nd quarter valued at approximately $698,000. First Trust Advisors LP bought a new stake in Maxar Technologies during the 2nd quarter valued at approximately $21,817,000. CIBC Private Wealth Group LLC bought a new stake in Maxar Technologies during the 2nd quarter valued at approximately $1,010,000. Rhumbline Advisers bought a new stake in Maxar Technologies during the 2nd quarter valued at approximately $2,830,000. Finally, Bank of New York Mellon Corp boosted its position in Maxar Technologies by 2,012.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 178,268 shares of the company’s stock valued at $9,006,000 after acquiring an additional 169,830 shares in the last quarter. Institutional investors own 82.92% of the company’s stock.

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About Maxar Technologies (NYSE:MAXR)

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.

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