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.
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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