Maxar Technologies (MAXR) Trading Up 4.5%

Shares of Maxar Technologies Ltd (NYSE:MAXR) were up 4.5% during trading on Thursday . The stock traded as high as $18.19 and last traded at $18.85. Approximately 91,742 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 630,030 shares. The stock had previously closed at $18.04.

MAXR has been the subject of several recent research reports. Canaccord Genuity reiterated a “buy” rating on shares of Maxar Technologies in a report on Wednesday, September 5th. BMO Capital Markets set a $35.00 price objective on Maxar Technologies and gave the stock a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research lowered Maxar Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. CIBC lowered Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 1st. Finally, Raymond James cut their price objective on Maxar Technologies from $59.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $52.90.

The company has a debt-to-equity ratio of 1.80, a current ratio of 0.94 and a quick ratio of 0.87. The firm has a market capitalization of $942.84 million and a PE ratio of 8.84.

Maxar Technologies (NYSE:MAXR) last posted its earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $508.20 million for the quarter, compared to the consensus estimate of $726.45 million. During the same quarter last year, the business earned $1.00 earnings per share. Maxar Technologies’s quarterly revenue was up 50.6% on a year-over-year basis. Sell-side analysts expect 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. Shareholders of record on Friday, December 14th will be issued a dividend of $0.283 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.13 annualized dividend and a yield of 6.03%. Maxar Technologies’s dividend payout ratio (DPR) is currently 53.05%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MAXR. Legal & General Group Plc raised its holdings in Maxar Technologies by 52.6% during the first quarter. Legal & General Group Plc now owns 14,773 shares of the company’s stock valued at $682,000 after buying an additional 5,095 shares in the last quarter. Addenda Capital Inc. raised its holdings in Maxar Technologies by 126.7% during the second quarter. Addenda Capital Inc. now owns 285,834 shares of the company’s stock valued at $13,842,000 after buying an additional 159,772 shares in the last quarter. Amalgamated Bank bought a new position in Maxar Technologies during the second quarter valued at about $390,000. Douglas Lane & Associates LLC raised its holdings in Maxar Technologies by 25.9% during the second quarter. Douglas Lane & Associates LLC now owns 1,296,513 shares of the company’s stock valued at $65,500,000 after buying an additional 266,716 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Maxar Technologies during the second quarter valued at about $9,506,000. Institutional investors own 84.96% of the company’s stock.

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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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