Shares of Maxar Technologies Ltd (NYSE:MAXR) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.43.
Several equities analysts recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Maxar Technologies in a research report on Wednesday, September 5th. 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 research report on Wednesday, September 5th. Zacks Investment Research lowered shares of Maxar Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, TD Securities decreased their price objective on shares of Maxar Technologies from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st.
A number of institutional investors and hedge funds have recently bought and sold shares of MAXR. Wells Fargo & Company MN raised its position in Maxar Technologies by 1,327.2% during the 1st quarter. Wells Fargo & Company MN now owns 102,900 shares of the company’s stock worth $4,759,000 after buying an additional 95,690 shares during the last quarter. Swiss National Bank raised its position in Maxar Technologies by 6.0% during the 1st quarter. Swiss National Bank now owns 102,771 shares of the company’s stock worth $4,747,000 after buying an additional 5,800 shares during the last quarter. Heartland Advisors Inc. purchased a new position in Maxar Technologies during the 1st quarter worth approximately $6,938,000. Quantbot Technologies LP purchased a new position in Maxar Technologies during the 1st quarter worth approximately $585,000. Finally, Sentry Investments Corp. raised its position in Maxar Technologies by 10.8% during the 1st quarter. Sentry Investments Corp. now owns 2,482,000 shares of the company’s stock worth $147,878,000 after buying an additional 242,400 shares during the last quarter. 83.98% of the stock is owned by institutional investors.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The firm had revenue of $578.90 million during the quarter, compared to analyst estimates of $727.18 million. Maxar Technologies had a net margin of 3.95% and a return on equity of 11.10%. Maxar Technologies’s revenue was up 54.3% compared to the same quarter last year. analysts expect that Maxar Technologies will post 4.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.2836 per share. This represents a $1.13 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, September 13th. Maxar Technologies’s dividend payout ratio 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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