Maxar Technologies (NYSE:MAXR) Upgraded by Citigroup to “Buy”

Maxar Technologies (NYSE:MAXRGet Rating) was upgraded by Citigroup from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports. The firm currently has a $38.00 price objective on the stock, down from their prior price objective of $42.00. Citigroup’s target price would suggest a potential upside of 31.76% from the company’s current price. The analysts noted that the move was a valuation call.

Several other analysts also recently weighed in on MAXR. BMO Capital Markets decreased their price objective on Maxar Technologies to C$33.00 in a report on Wednesday, February 23rd. JPMorgan Chase & Co. boosted their target price on shares of Maxar Technologies from $47.00 to $49.00 in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Maxar Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Canaccord Genuity Group upgraded shares of Maxar Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, TheStreet upgraded shares of Maxar Technologies from a “d+” rating to a “c” rating in a report on Tuesday, March 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $41.33.

NYSE MAXR opened at $28.84 on Tuesday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 67.07 and a beta of 1.30. Maxar Technologies has a 52 week low of $22.92 and a 52 week high of $42.59. 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 company has a fifty day moving average of $35.75 and a two-hundred day moving average of $31.07.

Maxar Technologies (NYSE:MAXRGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates 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 revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.30) earnings per share. Equities research analysts anticipate that Maxar Technologies will post 0.55 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in Maxar Technologies in the 4th quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich purchased 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 3rd quarter worth approximately $51,000. PNC Financial Services Group Inc. boosted its position in Maxar Technologies by 49.6% in 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 in the last quarter. Finally, Centaurus Financial Inc. boosted its position in Maxar Technologies by 19.9% in 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 in the last quarter. Hedge funds and other 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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