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Maxar Technologies (NYSE:MAXR) Given New $50.00 Price Target at Raymond James

Tuesday, May 4, 2021 | MarketBeat

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, 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.

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