Raymond James set a $20.00 price target on Maxar Technologies (NYSE:MAXR) in a research note published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other research analysts have also issued reports on MAXR. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. National Bank Financial boosted their price target on Yamana Gold from C$3.75 to C$4.00 and gave the stock a sector perform rating in a research report on Friday, May 10th. Finally, TD Securities reduced their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a reduce rating for the company in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $17.78.
MAXR stock opened at $8.38 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 5.47. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $53.58. The business’s 50 day simple moving average is $7.67.
Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($1.13). Maxar Technologies had a negative net margin of 69.96% and a negative return on equity of 0.91%. The firm had revenue of $504.00 million during the quarter, compared to the consensus estimate of $476.55 million. During the same quarter last year, the firm posted $0.26 earnings per share. Maxar Technologies’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that Maxar Technologies will post -0.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, June 13th. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.38%.
Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in Maxar Technologies by 654.1% in the fourth quarter. Prudential Financial Inc. now owns 209,410 shares of the company’s stock worth $2,505,000 after acquiring an additional 181,640 shares in the last quarter. BlackRock Inc. raised its position in Maxar Technologies by 7.1% in the fourth quarter. BlackRock Inc. now owns 2,879,544 shares of the company’s stock worth $34,439,000 after acquiring an additional 191,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Maxar Technologies in the fourth quarter worth $143,000. Crestline Management LP raised its position in Maxar Technologies by 33.8% in the fourth quarter. Crestline Management LP now owns 167,058 shares of the company’s stock worth $1,998,000 after acquiring an additional 42,189 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Maxar Technologies in the fourth quarter worth $1,317,000. 72.68% of the stock is currently owned by institutional investors.
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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