Maxar Technologies (NYSE:MAXR) had its price objective lowered by Scotiabank from $67.00 to $60.00 in a research report sent to investors on Wednesday morning. Scotiabank currently has an outperform rating on the stock.
A number of other research firms have also weighed in on MAXR. Canaccord Genuity reiterated a buy rating and issued a $70.00 target price on shares of Maxar Technologies in a research note on Friday, February 23rd. Zacks Investment Research upgraded Maxar Technologies from a strong sell rating to a hold rating in a research note on Thursday, March 1st. TD Securities reduced their target price on Maxar Technologies from $73.00 to $69.00 and set a buy rating on the stock in a research note on Monday, March 5th. National Bank Financial reduced their target price on Maxar Technologies from $70.85 to $60.00 and set a sector perform rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada cut their price target on Maxar Technologies from $74.00 to $72.00 and set an outperform rating on the stock in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Maxar Technologies currently has a consensus rating of Buy and an average target price of $66.20.
Shares of Maxar Technologies (MAXR) opened at $48.62 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.86 and a quick ratio of 0.75. Maxar Technologies has a 52 week low of $45.15 and a 52 week high of $67.30. The firm has a market capitalization of $2,740.37 and a price-to-earnings ratio of 17.12.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.2946 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 2.42%. Maxar Technologies’s dividend payout ratio is currently 63.44%.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Maxar Technologies during the fourth quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Maxar Technologies during the fourth quarter valued at $199,000. Suntrust Banks Inc. purchased a new position in shares of Maxar Technologies during the fourth quarter valued at $208,000. Eqis Capital Management Inc. purchased a new position in shares of Maxar Technologies during the fourth quarter valued at $216,000. Finally, White Pine Capital LLC purchased a new position in shares of Maxar Technologies during the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 66.27% of the company’s stock.
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Maxar Technologies Company Profile
Maxar Technologies Ltd., a communications and information company, provides operational solutions to commercial and government organizations worldwide. The company operates in two segments, Communications, and Surveillance and Intelligence. The Communications segment offers solutions for the delivery of a range of services, including television and radio distribution, broadband Internet, and mobile communications.
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