Maxar Technologies (MAXR) Raised to Outperform at UBS
UBS upgraded shares of Maxar Technologies (NYSE:MAXR) from a market perform rating to an outperform rating in a research note issued to investors on Monday morning, The Fly reports. They currently have $80.00 price objective on the stock. The analysts noted that the move was a valuation call.
MAXR has been the subject of a number of other research reports. Zacks Investment Research lowered Maxar Technologies from a hold rating to a sell rating in a report on Thursday, February 15th. Canaccord Genuity reiterated a buy rating and issued a $70.00 price target on shares of Maxar Technologies in a report on Friday, February 23rd. National Bank Financial lowered their price target on Maxar Technologies from $70.85 to $60.00 and set a sector perform rating for the company in a report on Monday, February 26th. Scotiabank lowered their price target on Maxar Technologies from $67.00 to $60.00 and set an outperform rating for the company in a report on Wednesday, March 7th. Finally, Royal Bank of Canada lowered their price target on Maxar Technologies from $74.00 to $72.00 and set an outperform rating for the company in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Maxar Technologies presently has a consensus rating of Buy and a consensus target price of $65.25.
Maxar Technologies stock opened at $45.03 on Monday. Maxar Technologies has a 12-month low of $42.11 and a 12-month high of $67.30. The stock has a market capitalization of $2,510.97 and a P/E ratio of 24.21. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.75 and a current ratio of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.2946 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.62%. Maxar Technologies’s payout ratio is 62.90%.
A number of large investors have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Maxar Technologies in the fourth quarter worth approximately $2,687,000. Vident Investment Advisory LLC bought a new position in Maxar Technologies in the fourth quarter worth approximately $18,329,000. Jane Street Group LLC bought a new position in Maxar Technologies in the fourth quarter worth approximately $836,000. Paloma Partners Management Co bought a new position in Maxar Technologies in the fourth quarter worth approximately $1,860,000. Finally, Raymond James & Associates bought a new position in Maxar Technologies in the fourth quarter worth approximately $592,000. 67.06% of the stock is owned by institutional investors.
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About Maxar Technologies
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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