JPMorgan Chase & Co. Boosts Maxar Technologies (NYSE:MAXR) Price Target to $49.00

Maxar Technologies (NYSE:MAXRGet Rating) had its price objective increased by JPMorgan Chase & Co. from $47.00 to $49.00 in a research report sent to investors on Tuesday, The Fly reports.

MAXR has been the topic of a number of other research reports. Canaccord Genuity Group increased their price target on shares of Maxar Technologies from $32.00 to $42.00 and gave the stock a hold rating in a report on Wednesday, April 13th. Canaccord Genuity Group raised shares of Maxar Technologies from a hold rating to a buy rating and decreased their price target for the stock from $42.00 to $38.00 in a report on Tuesday. TheStreet raised shares of Maxar Technologies from a d+ rating to a c rating in a report on Tuesday, March 22nd. Zacks Investment Research raised shares of Maxar Technologies from a sell rating to a hold rating and set a $35.00 price target on the stock in a report on Wednesday, March 2nd. Finally, BMO Capital Markets decreased their price target on shares of Maxar Technologies to C$33.00 in a report on Wednesday, February 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $41.57.

Shares of MAXR opened at $28.84 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average price of $35.75 and a 200-day moving average price of $31.07. The company has a market cap of $2.12 billion, a PE ratio of 67.07 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 released its quarterly earnings results on Monday, May 9th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $416.49 million. Maxar Technologies had a net margin of 2.60% and a negative return on equity of 0.15%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.30) EPS. As a group, analysts predict that Maxar Technologies will post 0.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.04 annualized dividend and a yield of 0.14%. Maxar Technologies’s payout ratio is currently 9.30%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in Maxar Technologies during the 4th quarter valued at $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Maxar Technologies during the 3rd quarter valued at $42,000. DekaBank Deutsche Girozentrale purchased a new stake in Maxar Technologies during the 1st quarter valued at $183,000. Centaurus Financial Inc. boosted its position in Maxar Technologies by 19.9% during the 4th quarter. Centaurus Financial Inc. now owns 5,623 shares of the company’s stock valued at $166,000 after buying an additional 933 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in shares of Maxar Technologies in the 1st quarter worth about $227,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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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