Maxar Technologies (NYSE:MAXR) had its price objective decreased by analysts at Raymond James from $55.00 to $50.00 in a research note issued on Tuesday, PriceTargets.com reports. The firm presently has a "market perform" rating on the stock. Raymond James' price target would indicate a potential upside of 74.95% from the stock's previous close.
A number of other brokerages have also weighed in on MAXR. Truist assumed coverage on Maxar Technologies in a research report on Wednesday, March 17th. They issued a "buy" rating and a $59.00 target price for the company. TD Securities upgraded shares of Maxar Technologies from a "hold" rating to a "buy" rating and set a $51.00 price objective on the stock in a research report on Monday, April 5th. Credit Suisse Group cut their target price on shares of Maxar Technologies from $56.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, March 22nd. JPMorgan Chase & Co. raised Maxar Technologies from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $55.00 to $47.00 in a report on Wednesday, March 31st. Finally, Canaccord Genuity cut their price objective on Maxar Technologies from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, March 25th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Maxar Technologies has a consensus rating of "Buy" and an average target price of $47.80.
NYSE:MAXR traded down $0.50 during trading hours on Tuesday, reaching $28.58. 41,331 shares of the company traded hands, compared to its average volume of 1,691,465. Maxar Technologies has a 1 year low of $8.65 and a 1 year high of $58.75. The stock has a market capitalization of $1.76 billion, a P/E ratio of 4.71 and a beta of 1.45. The business's 50-day moving average price is $38.43 and its two-hundred day moving average price is $37.86. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Sunday, May 2nd. The company reported ($1.30) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.06) by ($1.24). The firm had revenue of $392.00 million during the quarter, compared to the consensus estimate of $435.81 million. Maxar Technologies had a negative return on equity of 12.49% and a net margin of 23.17%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.80) EPS. As a group, equities analysts anticipate that Maxar Technologies will post 3.51 EPS for the current year.
In other Maxar Technologies news, CEO Daniel L. Jablonsky purchased 1,500 shares of the business's stock in a transaction on Thursday, March 25th. The stock was acquired at an average price of $35.72 per share, for a total transaction of $53,580.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.87% of the company's stock.
Several institutional investors have recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Maxar Technologies by 1,788.9% in the 4th quarter. US Bancorp DE now owns 1,020 shares of the company's stock valued at $39,000 after acquiring an additional 966 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Maxar Technologies in the 1st quarter valued at approximately $41,000. Laurel Wealth Advisors LLC purchased a new position in shares of Maxar Technologies in the 4th quarter worth approximately $77,000. Strs Ohio bought a new position in shares of Maxar Technologies during the 1st quarter valued at approximately $94,000. Finally, Advisory Services Network LLC raised its holdings in Maxar Technologies by 1,000.0% during the 4th quarter. Advisory Services Network LLC now owns 2,750 shares of the company's stock valued at $106,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 70.53% of the company's stock.
About Maxar Technologies
Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
Recommended Story: volatile stocks
Featured Article: What is an inverted yield curve?7 Stocks That Could Benefit From a Capital Gains Tax Hike
One thing every investor needs to learn is the effect of capital gains on their investments. Every time an investor sells a stock that has appreciated in value, that capital gain is subject to being taxed. Stocks that are held for less than a year pay a short-term capital gains tax rate. Stocks that are held for over a year pay a long-term capital gains tax rate.
In general, a capital gains tax hike is a bearish indicator for stocks. However, there are a couple of strategies that can help investors avoid some of the tax hit. One strategy is to keep your investments in an individual retirement account (IRA) or 401(k). However many higher-income earners want to have more access to the funds in their brokerage accounts.
A sound strategy for these investors involves buying dividend stocks. Dividend income is also taxed (unless it is reinvested), but typically when the capital gains tax rate is raised, the dividend income rate stays the same. This makes dividend stocks more attractive.
Investing in dividend stocks is never a bad idea, but at times when the capital gains tax rate is favorable, growth stocks provide a better reward for investor capital. But when long-term capital gains tax rates go up, those gains can get expensive.
In this special presentation, we’ll give you seven stocks that have a nice dividend yield and a strong story to go along with them.
View the "7 Stocks That Could Benefit From a Capital Gains Tax Hike"