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Maxar Technologies (NYSE:MAXR) Price Target Lowered to $44.00 at Morgan Stanley – MarketBeat

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Maxar Technologies (NYSE:MAXRGet Rating) had its price objective reduced by analysts at Morgan Stanley from $47.00 to $44.00 in a report issued on Friday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 80.18% from the company’s previous close.
MAXR has been the subject of several other reports. Citigroup upgraded Maxar Technologies from a “hold” rating to a “buy” rating and cut their price target for the company from $42.00 to $38.00 in a research note on Tuesday, May 10th. They noted that the move was a valuation call. Wells Fargo & Company began coverage on Maxar Technologies in a research note on Tuesday, June 21st. They issued an “overweight” rating and a $39.00 price target for the company. Bank of America cut Maxar Technologies from a “neutral” rating to an “underperform” rating and cut their price target for the company from $36.00 to $25.00 in a research note on Tuesday, May 17th. TheStreet upgraded Maxar Technologies from a “d+” rating to a “c” rating in a research note on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Maxar Technologies from $47.00 to $49.00 in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Maxar Technologies has an average rating of “Moderate Buy” and an average price target of $38.93.

Maxar Technologies Stock Performance

Shares of NYSE:MAXR traded up $0.36 during trading on Friday, reaching $24.42. 20,840 shares of the stock were exchanged, compared to its average volume of 514,385. Maxar Technologies has a 12 month low of $22.92 and a 12 month high of $40.48. The firm has a market cap of $1.80 billion, a PE ratio of 14.98, a PEG ratio of 2.39 and a beta of 1.32. The stock has a 50-day moving average price of $27.45 and a 200-day moving average price of $30.47. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.40.
Maxar Technologies (NYSE:MAXRGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $416.49 million. Maxar Technologies had a return on equity of 5.39% and a net margin of 6.90%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.30) earnings per share. Research analysts expect that Maxar Technologies will post 0.35 EPS for the current fiscal year.

Insider Transactions at Maxar Technologies

In related news, SVP Elizabeth Andora sold 4,860 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $30.24, for a total value of $146,966.40. Following the completion of the sale, the senior vice president now directly owns 42,367 shares in the company, valued at $1,281,178.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Maxar Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of MAXR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Maxar Technologies by 2.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,349 shares of the company’s stock valued at $1,237,000 after acquiring an additional 613 shares during the last quarter. Toroso Investments LLC boosted its position in Maxar Technologies by 2.7% during the first quarter. Toroso Investments LLC now owns 26,972 shares of the company’s stock valued at $1,064,000 after acquiring an additional 716 shares during the last quarter. Guggenheim Capital LLC boosted its position in Maxar Technologies by 2.7% during the first quarter. Guggenheim Capital LLC now owns 28,302 shares of the company’s stock valued at $1,117,000 after acquiring an additional 752 shares during the last quarter. Swiss National Bank boosted its position in Maxar Technologies by 0.5% during the fourth quarter. Swiss National Bank now owns 159,600 shares of the company’s stock valued at $4,713,000 after acquiring an additional 800 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Maxar Technologies by 5.7% during the first quarter. Teacher Retirement System of Texas now owns 14,799 shares of the company’s stock valued at $584,000 after acquiring an additional 803 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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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