Maxar Technologies Inc. (NYSE: MAXR) has achieved an average recommendation of “Hold” from the thirteen research companies that currently cover the company, reports MarketBeat Ratings. One research analyst rated the stock with a sell recommendation, five assigned a keep recommendation, and seven gave the company a buy recommendation. The 12-month average price target among brokers who hedged the stock in the past year is $ 45.15.
MAXR has been the subject of several analyst reports. TD Securities raised its target price on Maxar Technologies from $ 42.00 to $ 44.00 and assigned the company a âbuyâ rating in a report released Thursday, November 4. Zacks Investment Research downgraded Maxar Technologies from a âkeepâ rating to a âsellâ rating and set a target price of $ 35.00 for the share. in a research report on Friday, November 5. Finally, Robert W. Baird upgraded Maxar Technologies from a âneutralâ rating to an âoutperformingâ rating and set a target price of $ 39.00 on the stock in a report released on Thursday, November 4.
In other news from Maxar Technologies, Executive Vice President Walter S. Scott bought 1,867 shares of the company in a transaction that took place on Tuesday, November 23. The stock was purchased at an average cost of $ 29.52 per share, for a total value of $ 55,113.84. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.90% of the company’s shares.
A number of hedge funds have recently bought and sold shares in the company. Boston Partners increased its stake in shares of Maxar Technologies by 12,960.9% in the second quarter. Boston Partners now owns 2,887,885 shares of the company valued at $ 115,261,000 after purchasing an additional 2,865,774 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Maxar Technologies by 119.5% during the second quarter. Goldman Sachs Group Inc. now owns 2,052,253 shares of the company valued at $ 81,925,000 after purchasing an additional 1,117,477 shares during the last quarter. State Street Corp increased its position in Maxar Technologies by 23.4% during the second quarter. State Street Corp now owns 3,063,535 shares of the company valued at $ 122,296,000 after purchasing an additional 580,294 shares in the last quarter. FMR LLC increased its position in shares of Maxar Technologies by 81.5% in the second quarter. FMR LLC now owns 999,513 shares of the company valued at $ 39,900,000 after purchasing an additional 448,765 shares during the last quarter. Finally, Letko Brosseau & AssociÃ©s inc. increased its position in shares of Maxar Technologies by 73.0% in the third quarter. Letko Brosseau & AssociÃ©s Inc. now owns 842,835 company shares valued at $ 23,869,000 after purchasing 355,710 additional shares during the last quarter. Hedge funds and other institutional investors hold 77.02% of the company’s shares.
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NYSE: MAXR opened at $ 29.53 on Monday. Maxar Technologies has a one-year minimum of $ 25.07 and a one-year maximum of $ 58.75. The stock has a market cap of $ 2.15 billion, a price-to-earnings ratio of -25.46 and a beta of 1.28. The company has a fifty-day moving average of $ 29.11 and a 200-day moving average of $ 31.39. The company has a debt to equity ratio of 1.55, a quick ratio of 0.77, and a current ratio of 0.84.
Maxar Technologies (NYSE: MAXR) last reported its quarterly results on Wednesday, November 3. The company reported earnings per share of $ 0.19 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.15 of $ 0.04. The company posted revenue of $ 437.00 million in the quarter, compared to analysts’ estimate of $ 453.00 million. Maxar Technologies recorded a negative return on equity of 6.40% and a negative net margin of 3.67%. In the same quarter of the previous year, the company posted ($ 0.02) earnings per share. On average, equity research analysts expect Maxar Technologies to post EPS of -0.28 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 31. Investors registered on Wednesday, December 15, received a dividend of $ 0.01 per share. The ex-dividend date of this dividend was Tuesday, December 14. This represents an annualized dividend of $ 0.04 and a dividend yield of 0.14%. Maxar Technologies’ dividend payout ratio (DPR) is currently -3.45%.
About Maxar Technologies
Maxar Technologies Inc provides ground intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada and abroad. It operates through the Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers terrestrial imaging products, including orthorectified images, imaging basemaps, 3D and elevation products, and information products; and SecureWatch, a subscription offering that provides online access to imagery and the geospatial intelligence platform.
Feature article: Return on equity (ROE)
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