Maxar Technologies (NYSE:MAXR) Upgraded to Strong-Buy by ValuEngine

ValuEngine upgraded shares of Maxar Technologies (NYSE:MAXR) from a buy rating to a strong-buy rating in a research report report published on Thursday morning, ValuEngine reports.

A number of other equities analysts have also recently weighed in on the company. National Bank Financial upped their price target on Maxar Technologies from $7.00 to $8.50 and gave the stock a sector perform rating in a report on Thursday, July 25th. Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the stock a sell rating in a report on Monday, July 15th. Raymond James set a $20.00 price target on Maxar Technologies and gave the stock an outperform rating in a report on Monday, July 15th. TD Securities upped their price target on Maxar Technologies from $7.00 to $8.50 and gave the stock a hold rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research raised Maxar Technologies from a strong sell rating to a hold rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $18.11.

Shares of MAXR traded up $0.43 during mid-day trading on Thursday, reaching $7.34. The company had a trading volume of 1,186,378 shares, compared to its average volume of 1,575,916. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $46.15. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 5.47. The firm has a market capitalization of $438.61 million, a PE ratio of -2.53 and a beta of 0.66. The company has a 50 day moving average price of $8.09.

Maxar Technologies (NYSE:MAXR) last issued its earnings results on Thursday, May 9th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($1.13). The company had revenue of $504.00 million during the quarter, compared to analysts’ expectations of $476.55 million. Maxar Technologies had a negative return on equity of 0.91% and a negative net margin of 69.96%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. Analysts anticipate that Maxar Technologies will post -0.73 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in MAXR. Glassman Wealth Services increased its holdings in shares of Maxar Technologies by 965.7% in the first quarter. Glassman Wealth Services now owns 8,238 shares of the company’s stock valued at $33,000 after purchasing an additional 7,465 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Maxar Technologies in the first quarter valued at approximately $53,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Maxar Technologies by 22.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,678 shares of the company’s stock valued at $55,000 after purchasing an additional 2,482 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Maxar Technologies in the second quarter valued at approximately $82,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Maxar Technologies in the first quarter valued at approximately $127,000. 72.68% of the stock is owned by institutional investors and hedge funds.

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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