Maxar Technologies (NYSE:MAXR) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Maxar Technologies (NYSE:MAXRGet Rating) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued an overweight rating and a $39.00 price target on the stock.

MAXR has been the subject of a number of other reports. TD Securities lifted their price target on shares of Maxar Technologies from $43.00 to $45.00 and gave the company a buy rating in a research report on Thursday, May 26th. Citigroup upgraded shares of Maxar Technologies from a hold rating to a buy rating and dropped their price target for the company from $42.00 to $38.00 in a research report on Tuesday, May 10th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on shares of Maxar Technologies from $47.00 to $49.00 in a research report on Tuesday, May 10th. Canaccord Genuity Group lifted their price target on shares of Maxar Technologies to $40.00 and gave the company a buy rating in a research report on Wednesday, May 25th. Finally, Canaccord Genuity Group upgraded shares of Maxar Technologies from a hold rating to a buy rating and dropped their price objective for the company from $42.00 to $38.00 in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Maxar Technologies currently has an average rating of Moderate Buy and a consensus price target of $39.07.

Shares of MAXR stock opened at $26.73 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.82 and a quick ratio of 0.76. The firm’s 50-day moving average is $30.16 and its two-hundred day moving average is $30.74. Maxar Technologies has a 12 month low of $22.92 and a 12 month high of $42.59. The company has a market capitalization of $1.97 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31.

Maxar Technologies (NYSE:MAXRGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Maxar Technologies had a net margin of 6.90% and a return on equity of 5.39%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $416.49 million. During the same period in the previous year, the firm earned ($1.30) earnings per share. Maxar Technologies’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Maxar Technologies will post 0.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Tuesday, June 14th. Maxar Technologies’s dividend payout ratio is currently 2.45%.

In other Maxar Technologies news, SVP Elizabeth Andora sold 4,860 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $30.24, for a total transaction of $146,966.40. Following the completion of the transaction, the senior vice president now owns 42,367 shares in the company, valued at approximately $1,281,178.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.49% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in Maxar Technologies during the 4th quarter worth $26,000. Moors & Cabot Inc. purchased a new position in Maxar Technologies during the 3rd quarter worth $51,000. Centaurus Financial Inc. increased its holdings in shares of Maxar Technologies by 19.9% in the 4th quarter. Centaurus Financial Inc. now owns 5,623 shares of the company’s stock valued at $166,000 after purchasing an additional 933 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Maxar Technologies in the 1st quarter valued at about $183,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Maxar Technologies in the 1st quarter valued at about $183,000. Institutional investors own 74.52% of the company’s stock.

About Maxar Technologies (Get Rating)

Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

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