Maxar Technologies (MAXR) Shares Down 6.1%

Maxar Technologies Ltd (NYSE:MAXR) shares dropped 6.1% during mid-day trading on Tuesday . The company traded as low as $17.09 and last traded at $17.12. Approximately 633,614 shares traded hands during trading, an increase of 63% from the average daily volume of 388,379 shares. The stock had previously closed at $18.24.

MAXR has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Saturday, August 4th. TD Securities decreased their price objective on shares of Maxar Technologies from $67.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Canaccord Genuity restated a “buy” rating on shares of Maxar Technologies in a report on Tuesday, July 31st. BMO Capital Markets set a $35.00 price objective on shares of Maxar Technologies and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, CIBC cut shares of Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Maxar Technologies currently has a consensus rating of “Buy” and an average target price of $52.90.

The firm has a market cap of $1.06 billion and a price-to-earnings ratio of 8.04. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

Maxar Technologies (NYSE:MAXR) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). The company had revenue of $508.20 million during the quarter, compared to analyst estimates of $726.45 million. Maxar Technologies had a negative net margin of 17.81% and a positive return on equity of 10.93%. The firm’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, equities research analysts expect that Maxar Technologies Ltd will post 3.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a $0.283 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Thursday, December 13th. Maxar Technologies’s dividend payout ratio (DPR) is presently 53.05%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Maxar Technologies by 1.1% in the third 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 during the period. Fiera Capital Corp acquired a new position in shares of Maxar Technologies in the second quarter valued at approximately $109,848,000. Douglas Lane & Associates LLC boosted its holdings in shares of Maxar Technologies by 48.1% in the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Maxar Technologies by 17.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,799,915 shares of the company’s stock valued at $90,307,000 after buying an additional 265,453 shares during the period. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Maxar Technologies by 3.9% in the second 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 during the period. Institutional investors own 84.67% of the company’s stock.

WARNING: “Maxar Technologies (MAXR) Shares Down 6.1%” was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.wkrb13.com/2018/11/14/maxar-technologies-maxr-shares-down-6-1.html.

About Maxar Technologies (NYSE:MAXR)

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.

Featured Story: How Important is Technical Analysis of Stocks

Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply