Maxar Technologies’ (MAXR) Neutral Rating Reaffirmed at CIBC

Maxar Technologies (NYSE:MAXR)‘s stock had its “neutral” rating restated by stock analysts at CIBC in a research note issued on Wednesday. They currently have a $15.00 price objective on the stock. CIBC’s target price would indicate a potential upside of 141.94% from the stock’s previous close.

MAXR has been the topic of several other reports. Zacks Investment Research upgraded shares of Maxar Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BMO Capital Markets set a $35.00 price target on shares of Maxar Technologies and gave the company a “buy” rating in a research report on Thursday, November 1st. Canaccord Genuity lowered shares of Maxar Technologies from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from $30.00 to $10.00 in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of Maxar Technologies to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Finally, Raymond James lowered their price target on shares of Maxar Technologies from $59.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Maxar Technologies currently has a consensus rating of “Hold” and a consensus target price of $34.72.

Shares of MAXR opened at $6.20 on Wednesday. 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 has a twelve month low of $5.04 and a twelve month high of $64.00. The stock has a market cap of $372.75 million, a price-to-earnings ratio of 2.91 and a beta of 2.71.

Maxar Technologies (NYSE:MAXR) last issued its earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.30). Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. The company had revenue of $508.20 million for the quarter, compared to analyst estimates of $726.45 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 50.6% compared to the same quarter last year. Equities analysts anticipate that Maxar Technologies will post 3.66 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc boosted its position in Maxar Technologies by 5.1% during the third quarter. Vanguard Group Inc now owns 5,544,566 shares of the company’s stock worth $183,359,000 after acquiring an additional 269,041 shares during the last quarter. Vanguard Group Inc. boosted its position in Maxar Technologies by 5.1% during the third quarter. Vanguard Group Inc. now owns 5,544,566 shares of the company’s stock worth $183,359,000 after acquiring an additional 269,041 shares during the last quarter. BlackRock Inc. boosted its position in Maxar Technologies by 1.1% during the third quarter. BlackRock Inc. now owns 2,688,044 shares of the company’s stock worth $88,894,000 after acquiring an additional 29,611 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in Maxar Technologies by 48.1% during the third quarter. Douglas Lane & Associates LLC now owns 1,920,014 shares of the company’s stock worth $63,495,000 after acquiring an additional 623,501 shares during the last quarter. Finally, Morgan Stanley boosted its position in Maxar Technologies by 23.8% during the third quarter. Morgan Stanley now owns 1,237,688 shares of the company’s stock worth $40,930,000 after acquiring an additional 237,658 shares during the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

About Maxar Technologies

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.

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Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

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