Maxar Technologies (NYSE:MAXR) Earns “Buy” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their buy rating on shares of Maxar Technologies (NYSE:MAXR) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. Royal Bank of Canada currently has a $21.00 price objective on the stock.

MAXR has been the topic of several other reports. ValuEngine cut Maxar Technologies from a buy rating to a hold rating in a research report on Wednesday, June 24th. Zacks Investment Research upgraded Maxar Technologies from a hold rating to a buy rating and set a $17.00 target price on the stock in a report on Wednesday, July 15th. Raymond James set a $17.00 price objective on Maxar Technologies and gave the company a market perform rating in a research report on Wednesday, June 24th. TD Securities lifted their price objective on Maxar Technologies from $20.00 to $25.00 and gave the company a speculative buy rating in a research report on Thursday, June 25th. Finally, Credit Suisse Group boosted their price target on Maxar Technologies from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday, June 25th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $17.60.

NYSE MAXR traded down $0.11 during mid-day trading on Thursday, reaching $17.79. 946,824 shares of the company’s stock traded hands, compared to its average volume of 1,059,529. Maxar Technologies has a 1-year low of $6.06 and a 1-year high of $21.45. The company has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $14.55. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 4.45. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 9.31 and a beta of 1.44.

Maxar Technologies (NYSE:MAXR) last released its earnings results on Monday, May 11th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.38). The firm had revenue of $381.00 million for the quarter, compared to the consensus estimate of $420.00 million. Maxar Technologies had a negative return on equity of 16.07% and a net margin of 6.53%. Equities research analysts forecast that Maxar Technologies will post -1.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Maxar Technologies’s payout ratio is presently -1.90%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Maxar Technologies by 504.8% in the 1st quarter. Russell Investments Group Ltd. now owns 3,290,051 shares of the company’s stock valued at $35,137,000 after purchasing an additional 2,746,041 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Maxar Technologies by 2,059.2% in the 1st quarter. JPMorgan Chase & Co. now owns 570,641 shares of the company’s stock valued at $6,094,000 after purchasing an additional 544,213 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of Maxar Technologies in the 1st quarter valued at approximately $4,180,000. Two Sigma Advisers LP grew its stake in shares of Maxar Technologies by 103.2% in the 1st quarter. Two Sigma Advisers LP now owns 396,932 shares of the company’s stock valued at $4,239,000 after purchasing an additional 201,608 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Maxar Technologies in the 1st quarter valued at approximately $1,878,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

About Maxar Technologies

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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Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

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