Maxar Technologies Inc. (NYSE:MAXR) Receives $41.31 Consensus PT from Brokerages

Shares of Maxar Technologies Inc. (NYSE:MAXRGet Rating) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.31.

MAXR has been the topic of a number of research analyst reports. TheStreet raised shares of Maxar Technologies from a “d+” rating to a “c” rating in a research report on Tuesday, March 22nd. Zacks Investment Research raised Maxar Technologies from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Wednesday, March 2nd. BMO Capital Markets decreased their price objective on Maxar Technologies to C$33.00 in a research note on Wednesday, February 23rd. Royal Bank of Canada boosted their price objective on Maxar Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, March 30th. Finally, Canaccord Genuity Group boosted their price objective on Maxar Technologies from $32.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, April 13th.

Shares of MAXR stock opened at $32.20 on Friday. The company’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $31.07. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.36 billion, a PE ratio of 74.88 and a beta of 1.30. Maxar Technologies has a 12 month low of $22.92 and a 12 month high of $42.59.

Maxar Technologies (NYSE:MAXRGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.25. Maxar Technologies had a net margin of 2.60% and a negative return on equity of 0.15%. The firm had revenue of $468.00 million during the quarter, compared to the consensus estimate of $460.49 million. During the same period last year, the business posted ($0.85) earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Maxar Technologies will post 0.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.12%. Maxar Technologies’s dividend payout ratio is currently 9.30%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in shares of Maxar Technologies during the 4th quarter valued at about $26,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Maxar Technologies in the 3rd quarter worth approximately $42,000. Moors & Cabot Inc. purchased a new stake in Maxar Technologies in the third quarter worth approximately $51,000. PNC Financial Services Group Inc. grew its position in Maxar Technologies by 49.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock valued at $162,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of Maxar Technologies by 19.9% during the fourth quarter. Centaurus Financial Inc. now owns 5,623 shares of the company’s stock worth $166,000 after acquiring an additional 933 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

About Maxar Technologies (Get Rating)

Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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