Maxar Technologies (NYSE:MAXR) PT Lowered to $44.00

Maxar Technologies (NYSE:MAXRGet Rating) had its price target dropped by stock analysts at Royal Bank of Canada from $48.00 to $44.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 50.63% from the company’s previous close.

Several other research analysts also recently issued reports on MAXR. Citigroup raised Maxar Technologies from a “hold” rating to a “buy” rating and cut their price target for the stock from $42.00 to $38.00 in a research note on Tuesday. They noted that the move was a valuation call. TheStreet upgraded Maxar Technologies from a “d+” rating to a “c” rating in a research report on Tuesday, March 22nd. Canaccord Genuity Group upgraded Maxar Technologies from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $42.00 to $38.00 in a research report on Tuesday. Zacks Investment Research upgraded Maxar Technologies from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Wednesday, March 2nd. Finally, Canaccord Genuity Group upgraded Maxar Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.07.

Shares of NYSE:MAXR traded up $0.37 during midday trading on Tuesday, hitting $29.21. 34,702 shares of the stock were exchanged, compared to its average volume of 822,092. The stock has a market cap of $2.14 billion, a P/E ratio of 67.12 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.41. Maxar Technologies has a twelve month low of $22.92 and a twelve month high of $42.59. The company has a 50 day moving average price of $35.75 and a 200-day moving average price of $31.07.

Maxar Technologies (NYSE:MAXRGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $416.49 million. Maxar Technologies had a negative return on equity of 0.15% and a net margin of 2.60%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.30) EPS. On average, equities research analysts expect that Maxar Technologies will post 0.55 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of MAXR. Point72 Hong Kong Ltd purchased a new stake in shares of Maxar Technologies during the 4th quarter worth about $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Maxar Technologies during the 3rd quarter worth about $42,000. Moors & Cabot Inc. purchased a new stake in shares of Maxar Technologies during the 3rd quarter worth about $51,000. PNC Financial Services Group Inc. grew its holdings in shares of Maxar Technologies by 49.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock worth $162,000 after purchasing an additional 1,905 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in shares of Maxar Technologies by 19.9% during the 4th quarter. Centaurus Financial Inc. now owns 5,623 shares of the company’s stock worth $166,000 after purchasing an additional 933 shares during the period. Institutional investors own 74.52% of the company’s stock.

Maxar Technologies Company Profile (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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