Maxar Technologies Ltd (NYSE:MAXR) has earned a consensus rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $51.00.
A number of equities research analysts have issued reports on MAXR shares. BMO Capital Markets set a $35.00 price target on Maxar Technologies and gave the company a “buy” rating in a research note on Thursday, November 1st. TD Securities cut their price target on Maxar Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Canaccord Genuity reaffirmed a “buy” rating on shares of Maxar Technologies in a research report on Wednesday, September 5th. CIBC cut Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 1st. Finally, Royal Bank of Canada lowered their price objective on Maxar Technologies to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Maxar Technologies by 5.1% during 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 in the last quarter. BlackRock Inc. lifted its position in shares of Maxar Technologies by 1.1% during the 3rd quarter. BlackRock Inc. now owns 2,688,044 shares of the company’s stock valued at $88,894,000 after buying an additional 29,611 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Maxar Technologies by 48.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,920,014 shares of the company’s stock valued at $63,495,000 after buying an additional 623,501 shares in the last quarter. Morgan Stanley lifted its position in shares of Maxar Technologies by 23.8% during 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 in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in shares of Maxar Technologies by 3.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,182,309 shares of the company’s stock valued at $59,259,000 after buying an additional 44,272 shares in the last quarter. 82.92% of the stock is currently owned by hedge funds and other institutional investors.
Maxar Technologies (NYSE:MAXR) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $508.20 million for the quarter, compared to the consensus estimate of $726.45 million. Maxar Technologies had a negative net margin of 17.81% and a positive return on equity of 10.93%. The company’s revenue for the quarter was up 50.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, sell-side analysts expect that Maxar Technologies will post 3.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.283 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.01%. Maxar Technologies’s payout ratio is currently 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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