According to Bloomberg.com, the thirteen rating agencies that are currently keeping a close eye on the stock of Maxar Technologies Inc. (NYSE: MAXR) have come to the consensus that the best course of action for investors to take about the company’s stock is to maintain their “Hold” rating. There have been seven analysts who have provided their recommendation that the stock be maintained, six analysts who have provided their recommendation to purchase the stock, and one analyst who has provided their recommendation to sell the stock. The average price target for the stock among analysts who have covered the company and its shares in the preceding year is currently set at $43.80 and is expected to be reached within the next year.
Several equity analysts recently published analyses on a variety of MAXR-related topics.
The rating for Maxar Technologies was lowered from “overweight” to “equal weight” in a report made public by Wells Fargo & Company on December 15, 2018, and released to the public on that day. Canaccord Genuity Group reaffirmed its “hold” rating on shares of Maxar Technologies in a research report released on Friday, December 16. The report was published online. TD Securities gave the stock a “buy” rating in a research note released on November 24 and published that day. Despite this, the company brought the price objective they had set for Maxar Technologies shares down from $36.00 to $34.00. Robert W. Baird decreased their target price for Maxar Technologies from $53.00 to $45.00 and changed their rating for the company from “outperform” to “neutral” in a public report on Monday, December 19. In addition, they raised the price they projected the company would be worth to $53.00, up from $45.00 previously. The Royal Bank of Canada downgraded Maxar Technologies from “outperform” to “sector perform” in a report made public on Monday, December 19. The rating of the company was moved in the direction of this change. In addition, the bank increased its price objective for the company, increasing it from $30.00 to $53.00.
Recently, there has been a shift in the market perspective of hedge funds and other types of institutional investors. During the second quarter, Keeley Teton Advisors LLC saw a gain of 26.4% in the number of Maxar Technologies shares that it possessed in its portfolio. In the most recent fiscal quarter, Keeley Teton Advisors LLC purchased 34,381 shares of the company’s stock. This brings the total number of shares they own in the company to 164,584, with an associated value of $4,294,000. A new investment for approximately 1,712,000 dollars was made in Maxar Technologies during the second quarter by Valicenti Advisory Services, Inc. Exchange Traded Concepts LLC increased the amount of Maxar Technologies stock held by 17.6% during the second quarter of the year. Following the acquisition of 795 additional shares during the most recent quarter, Exchange Traded Concepts LLC now directly owns 5,315 shares in the company, which have a value of $139,000 thanks to the increase in the number of shares owned (as of last reporting). Envestnet Asset Management Inc. increased the amount of Maxar Technologies it invested by 52.4% during the second quarter of the fiscal year. Envestnet Asset Management Inc. now has 29,334 shares of the company, which have a combined value of $765,000, after purchasing an additional 10,087 shares during the most recent quarter. And finally, during the second quarter, Empire Life Investments Inc. increased the amount of Maxar Technologies stock owned by 67.8 percent, bringing its total ownership percentage to 100 percent. Empire Life Investments Inc. now has a total of 859,137 shares of the company’s stock, which can be valued at $22,415,000 thanks to the purchase of an additional 347,273 shares during the most recent quarter. Institutional investors and hedge funds collectively own 78.52% of the total number of shares in the company, making up the majority of the shareholders.
When trading started on Friday, the price of a share of Maxar Technologies was $51.26. There is a debt-to-equity ratio of 1.49, a quick ratio of 0.92, and a current ratio of 0.98. These three ratios all total 1.98. The price of Maxar Technologies may range anywhere from $17.51 to $51.93 over an entire year. The company’s market value is currently estimated to be 3.82 billion dollars, and the price-to-earnings ratio of the share is 134.90. Its beta value is 0.94, and its price-to-earnings-to-growth ratio comes in at 1.02. The company’s moving average price over the past 200 days is $27.71, while the average price over the last fifty days is $35.33.
The latest quarterly earnings report for Maxar Technologies, traded on the New York Stock Exchange under the MAXR, was released on November 3. The company’s earnings per share for the quarter came in at $0.17, which is $0.14 less than the consensus estimate of $0.31 per share of the quarter’s earnings per share. In the case of Maxar Technologies, the return on equity was 2.73 percent, and the company’s net margin was 1.72 percent. The revenue for the quarter came in at $436 million, which is significantly lower than the consensus expectation of $458.17 million for the quarter’s revenue. As their projections indicate, the sell-side analysts anticipate that Maxar Technologies will report a loss of $0.11 per share in 2018.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On Friday, December 16, a $0.01 dividend payment per share was made to shareholders who were recorded as being on the register on Thursday, December 15. As of December 14, it was considered that this dividend had been paid out in its entirety. When calculated on an annualized basis, this results in a dividend payment of $0.04 per share and a dividend yield of 0.08%. The dividend payout rate for Maxar Technologies is currently at 10.53 percent.
In a wide variety of countries, including the United States of America, Asia, South America, Europe, the Middle East, Australia, Canada, and others, Maxar Technologies Inc. offers solutions for earth intelligence and space infrastructure. “Space Infrastructure” and “Earth Intelligence” are the names of the company’s two primary operational segments, respectively. Earth Intelligence provides enterprise customers and customers in the public sector with advanced geospatial information, applications, and analytic services for national security and commercial solutions. In addition, Earth Intelligence provides enterprise customers and customers in the public sector with earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers. In the Earth Intelligence section of the website, these products and services can be found listed under the heading “National Security and Commercial Solutions.”