Raymond James set a $20.00 price objective on Maxar Technologies (NYSE:MAXR) in a report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Securities upgraded Maxar Technologies from a hold rating to a speculative buy rating and lifted their price objective for the company from $9.50 to $15.00 in a research note on Wednesday, November 6th. National Bank Financial lifted their price objective on Maxar Technologies from $8.50 to $9.00 and gave the company a sector perform rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. started coverage on Maxar Technologies in a research note on Tuesday, September 10th. They set an overweight rating and a $12.00 price objective for the company. Zacks Investment Research cut Maxar Technologies from a buy rating to a hold rating in a research note on Saturday. Finally, ValuEngine upgraded Maxar Technologies from a buy rating to a strong-buy rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $10.78.

NYSE:MAXR traded down $0.67 during trading hours on Monday, reaching $11.44. 1,314,161 shares of the company traded hands, compared to its average volume of 1,851,008. The business’s 50-day moving average price is $8.81 and its two-hundred day moving average price is $7.85. The stock has a market capitalization of $687.06 million, a P/E ratio of -3.94 and a beta of 0.72. Maxar Technologies has a 1 year low of $3.83 and a 1 year high of $17.61. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 4.44.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($1.03). The company had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $466.91 million. Maxar Technologies had a negative net margin of 45.15% and a negative return on equity of 20.76%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($4.88) EPS. As a group, equities analysts anticipate that Maxar Technologies will post -1.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, December 12th. Maxar Technologies’s dividend payout ratio is currently -1.38%.

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Maxar Technologies by 180.9% in the third quarter. Tower Research Capital LLC TRC now owns 15,191 shares of the company’s stock worth $116,000 after acquiring an additional 9,783 shares during the period. SG Americas Securities LLC bought a new stake in shares of Maxar Technologies in the third quarter worth $258,000. One Tusk Investment Partners LP bought a new stake in shares of Maxar Technologies in the third quarter worth $988,000. Russell Investments Group Ltd. bought a new stake in shares of Maxar Technologies in the third quarter worth $3,008,000. Finally, California Public Employees Retirement System bought a new stake in shares of Maxar Technologies in the third quarter worth $84,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Maxar Technologies Company Profile

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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