Maxar Technologies (NYSE:MAXR) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $28.00 price objective on the stock. Zacks Investment Research's price objective indicates a potential upside of 14.52% from the company's previous close.
According to Zacks, "Maxar Technologies Inc. provides space technology solutions. The company engages in developing and sustaining the infrastructure and delivering the information, services, systems of space for commercial and government markets. It offers vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics. The company's portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Maxar Technologies Inc. is based in Westminster, United States. "
Several other research firms also recently weighed in on MAXR. Royal Bank of Canada lifted their target price on Maxar Technologies from $21.00 to $25.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on Maxar Technologies from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, June 24th. TD Securities raised Maxar Technologies from a "speculative buy" rating to a "buy" rating and raised their price target for the company from $25.00 to $27.00 in a report on Thursday, August 6th. Raymond James raised their price target on Maxar Technologies from $17.00 to $23.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets raised their price target on Maxar Technologies from $11.00 to $12.00 and gave the company a "market perform" rating in a report on Thursday, April 23rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Maxar Technologies currently has an average rating of "Hold" and an average price target of $20.40.
MAXR stock opened at $24.45 on Tuesday. Maxar Technologies has a twelve month low of $6.06 and a twelve month high of $26.16. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 2.67. The firm has a market cap of $1.51 billion, a PE ratio of 5.56 and a beta of 1.40. The business has a 50 day moving average of $17.80 and a 200 day moving average of $14.61.
Maxar Technologies (NYSE:MAXR) last issued its earnings results on Monday, May 11th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.38). The business had revenue of $381.00 million for the quarter, compared to analysts' expectations of $420.00 million. Maxar Technologies had a net margin of 16.09% and a negative return on equity of 17.02%. On average, research analysts expect that Maxar Technologies will post 3.71 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Optimum Investment Advisors bought a new stake in Maxar Technologies during the second quarter worth approximately $27,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Maxar Technologies by 100.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,999 shares of the company's stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Maxar Technologies during the first quarter valued at approximately $34,000. Meeder Asset Management Inc. purchased a new position in shares of Maxar Technologies during the first quarter valued at approximately $51,000. Finally, Bessemer Group Inc. purchased a new position in shares of Maxar Technologies during the second quarter valued at approximately $75,000. 74.08% of the stock is currently owned by institutional investors.
Maxar Technologies Company Profile
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for 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, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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