Maxar Technologies (NYSE:MAXR) had its target price hoisted by research analysts at TD Securities from $8.50 to $9.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 1.82% from the company’s previous close.

Several other brokerages have also commented on MAXR. JPMorgan Chase & Co. began coverage on Maxar Technologies in a report on Tuesday. They set an “overweight” rating and a $12.00 price objective for the company. Credit Suisse Group set a $5.00 price target on shares of Maxar Technologies and gave the stock a “sell” rating in a research note on Monday, July 15th. Raymond James reissued an “outperform” rating and issued a $20.00 price target on shares of Maxar Technologies in a research note on Wednesday, August 7th. BMO Capital Markets set a $8.00 price target on shares of Maxar Technologies and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Maxar Technologies from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.70.

Shares of NYSE:MAXR traded up $0.95 during trading on Wednesday, hitting $9.33. 3,113,729 shares of the company were exchanged, compared to its average volume of 1,131,255. The company has a market cap of $418.97 million, a PE ratio of -3.22 and a beta of 0.63. The stock has a 50 day moving average of $7.14 and a 200 day moving average of $6.57. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $37.71. The company has a debt-to-equity ratio of 4.28, a current ratio of 0.97 and a quick ratio of 0.94.

Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.19. Maxar Technologies had a negative return on equity of 7.35% and a negative net margin of 64.83%. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $519.36 million. During the same period in the previous year, the business earned ($0.70) earnings per share. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. Sell-side analysts forecast that Maxar Technologies will post -1.49 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glassman Wealth Services increased its position in Maxar Technologies by 965.7% during the 1st quarter. Glassman Wealth Services now owns 8,238 shares of the company’s stock valued at $33,000 after purchasing an additional 7,465 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Maxar Technologies by 838.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,408 shares of the company’s stock worth $42,000 after purchasing an additional 4,832 shares during the period. BNP Paribas Arbitrage SA bought a new stake in shares of Maxar Technologies during the 2nd quarter valued at about $82,000. Capital Wealth Management LLC bought a new stake in shares of Maxar Technologies during the 2nd quarter valued at about $91,000. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Maxar Technologies during the second quarter valued at about $94,000. 78.38% of the stock is owned by institutional investors.

About Maxar Technologies

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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