Maxar Technologies (MAXR) Trading 4.5% Higher

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Maxar Technologies Ltd (NYSE:MAXR)’s share price traded up 4.5% during trading on Thursday . The company traded as high as $18.19 and last traded at $18.85. 91,742 shares changed hands during trading, a decline of 85% from the average session volume of 630,030 shares. The stock had previously closed at $18.04.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Saturday, August 4th. Royal Bank of Canada reduced their price objective on Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 5th. TD Securities reduced their price objective on Maxar Technologies from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. CIBC downgraded Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 1st. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Maxar Technologies in a research report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.90.

The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 8.45.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.30). Maxar Technologies had a negative net margin of 17.81% and a positive return on equity of 10.93%. The firm had revenue of $508.20 million during the quarter, compared to analyst estimates of $726.45 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 50.6% compared to the same quarter last year. Research analysts predict that Maxar Technologies Ltd will post 3.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.283 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.13 annualized dividend and a yield of 6.29%. Maxar Technologies’s payout ratio is 53.05%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in Maxar Technologies during the 2nd quarter worth $177,000. Trexquant Investment LP acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $233,000. Paloma Partners Management Co acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $302,000. SG Americas Securities LLC boosted its position in shares of Maxar Technologies by 141.0% during the 2nd quarter. SG Americas Securities LLC now owns 7,305 shares of the company’s stock worth $369,000 after acquiring an additional 4,274 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Maxar Technologies during the 2nd quarter worth about $390,000. 84.96% of the stock is owned by hedge funds and other institutional investors.

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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.

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