Maxar Technologies (MAXR) PT Lowered to $7.00 at TD Securities

Maxar Technologies (NYSE:MAXR) had its price objective decreased by TD Securities from $7.50 to $7.00 in a research note released on Monday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research analysts have also weighed in on the stock. CIBC reaffirmed a hold rating and issued a $6.00 price objective on shares of Maxar Technologies in a research note on Tuesday, January 22nd. ValuEngine raised shares of Maxar Technologies from a sell rating to a hold rating in a research note on Thursday, January 24th. National Bank Financial dropped their price objective on shares of Maxar Technologies from $10.00 to $8.00 and set a sector perform rating on the stock in a research note on Friday, January 25th. Raymond James dropped their price objective on shares of Maxar Technologies from $25.00 to $20.00 and set an outperform rating on the stock in a research note on Friday, March 1st. Finally, Zacks Investment Research raised shares of Maxar Technologies from a strong sell rating to a hold rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Maxar Technologies presently has a consensus rating of Hold and an average target price of $17.88.

NYSE:MAXR opened at $7.66 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 5.47. The firm has a market capitalization of $433.25 million, a price-to-earnings ratio of -2.64 and a beta of 1.47. Maxar Technologies has a 12 month low of $3.83 and a 12 month high of $55.28.

Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($1.13). The company had revenue of $504.00 million during the quarter, compared to analyst estimates of $476.55 million. Maxar Technologies had a negative return on equity of 0.91% and a negative net margin of 69.96%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, research analysts anticipate that Maxar Technologies will post -2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, June 13th. Maxar Technologies’s dividend payout ratio (DPR) is -1.38%.

In other news, insider Daniel L. Jablonsky purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $5.15 per share, with a total value of $103,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Walter S. Scott purchased 20,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $102,718.00. The disclosure for this purchase can be found here. Insiders acquired 56,015 shares of company stock worth $286,907 over the last ninety days. Insiders own 0.59% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAXR. Elk Creek Partners LLC bought a new position in shares of Maxar Technologies during the first quarter valued at about $6,663,000. PenderFund Capital Management Ltd. bought a new position in shares of Maxar Technologies during the first quarter valued at about $9,423,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Maxar Technologies during the fourth quarter valued at about $13,602,000. Taylor Asset Management Inc. lifted its position in shares of Maxar Technologies by 70.0% during the first quarter. Taylor Asset Management Inc. now owns 2,228,512 shares of the company’s stock valued at $9,005,000 after purchasing an additional 917,549 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of Maxar Technologies by 46.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,817,211 shares of the company’s stock valued at $33,694,000 after purchasing an additional 897,197 shares in the last quarter. 72.54% 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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