Maxar Technologies (NYSE:MAXR - Get Rating) had its price target decreased by stock analysts at TD Securities from $36.00 to $34.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 47.12% from the stock's current price.
Several other research analysts have also recently commented on MAXR. Canaccord Genuity Group reduced their target price on Maxar Technologies from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, November 4th. Robert W. Baird reduced their target price on Maxar Technologies from $52.00 to $45.00 in a research report on Wednesday, August 10th. BMO Capital Markets cut their price objective on Maxar Technologies from $32.00 to $27.00 and set a "market perform" rating for the company in a report on Monday, November 7th. Truist Financial cut their price objective on Maxar Technologies from $44.00 to $37.00 in a report on Wednesday. Finally, Wells Fargo & Company cut their price objective on Maxar Technologies from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Maxar Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $36.83.
Maxar Technologies Stock Performance
Shares of MAXR traded down $2.92 during mid-day trading on Thursday, hitting $23.11. The company's stock had a trading volume of 2,610,229 shares, compared to its average volume of 559,144. The firm has a market capitalization of $1.72 billion, a PE ratio of 60.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.40. Maxar Technologies has a one year low of $17.51 and a one year high of $40.48. The stock's 50-day moving average is $21.78 and its two-hundred day moving average is $24.85. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.92 and a current ratio of 0.98.
Maxar Technologies (NYSE:MAXR - Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $436.00 million during the quarter, compared to the consensus estimate of $458.17 million. Maxar Technologies had a return on equity of 2.73% and a net margin of 1.72%. As a group, sell-side analysts anticipate that Maxar Technologies will post 0.87 EPS for the current year.
Hedge Funds Weigh In On Maxar Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Maxar Technologies by 2.8% during the third quarter. Vanguard Group Inc. now owns 6,726,364 shares of the company's stock worth $125,917,000 after buying an additional 185,501 shares during the last quarter. BlackRock Inc. lifted its stake in Maxar Technologies by 7.7% in the 1st quarter. BlackRock Inc. now owns 5,935,838 shares of the company's stock valued at $234,228,000 after acquiring an additional 424,367 shares in the last quarter. State Street Corp lifted its stake in Maxar Technologies by 14.4% in the 1st quarter. State Street Corp now owns 3,456,849 shares of the company's stock valued at $136,407,000 after acquiring an additional 434,992 shares in the last quarter. Boston Partners increased its position in shares of Maxar Technologies by 9.1% during the 3rd quarter. Boston Partners now owns 3,377,013 shares of the company's stock worth $63,238,000 after purchasing an additional 282,721 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Maxar Technologies by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,092,483 shares of the company's stock worth $39,170,000 after purchasing an additional 165,369 shares during the last quarter. Institutional investors own 78.30% of the company's stock.
Maxar Technologies Company Profile
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 two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.
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