Maxar Technologies Ltd (NYSE:MAXR) has received an average rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $51.00.
Several brokerages have weighed in on MAXR. Royal Bank of Canada decreased their price objective on shares of Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, September 5th. Canaccord Genuity reissued a “buy” rating on shares of Maxar Technologies in a report on Friday, August 10th. TD Securities decreased their price objective on shares of Maxar Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Raymond James decreased their price objective on shares of Maxar Technologies from $59.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, CIBC lowered shares of Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Maxar Technologies by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after buying an additional 269,041 shares during the period. Morgan Stanley boosted its holdings in shares of Maxar Technologies by 23.8% in the 3rd quarter. Morgan Stanley now owns 1,237,688 shares of the company’s stock valued at $40,930,000 after buying an additional 237,658 shares during the period. Nordea Investment Management AB acquired a new position in shares of Maxar Technologies in the 3rd quarter valued at about $7,056,000. HRT Financial LLC acquired a new position in shares of Maxar Technologies in the 3rd quarter valued at about $839,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Maxar Technologies in the 3rd quarter valued at about $1,278,000. 82.92% of the stock is owned by institutional investors and hedge funds.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). The company had revenue of $508.20 million for the quarter, compared to analyst estimates of $726.45 million. Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. Maxar Technologies’s revenue was up 50.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. Equities analysts forecast that Maxar Technologies will post 3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a $0.283 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, December 13th. Maxar Technologies’s dividend payout ratio (DPR) is presently 53.05%.
Maxar Technologies Company Profile
Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the 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, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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