Maxar Technologies Inc (NYSE:MAXR) – Research analysts at National Bank Financial issued their FY2020 earnings per share (EPS) estimates for Maxar Technologies in a note issued to investors on Wednesday, March 6th. National Bank Financial analyst R. Tse expects that the company will post earnings per share of ($2.14) for the year. National Bank Financial currently has a “Sector Perform” rating and a $6.00 target price on the stock.
Other equities analysts also recently issued research reports about the company. TD Securities downgraded Maxar Technologies from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from $18.50 to $5.70 in a report on Friday, March 1st. ValuEngine upgraded Maxar Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. CIBC reiterated a “hold” rating and set a $6.00 price target on shares of Maxar Technologies in a report on Tuesday, January 22nd. Canaccord Genuity downgraded Maxar Technologies from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from $30.00 to $10.00 in a report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded Maxar Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Maxar Technologies currently has a consensus rating of “Hold” and an average price target of $26.78.
Shares of MAXR stock opened at $5.18 on Friday. Maxar Technologies has a 12 month low of $4.41 and a 12 month high of $55.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 0.94. The company has a market cap of $307.59 million, a price-to-earnings ratio of -1.79 and a beta of 0.99.
The business also recently disclosed a special dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 14th. Maxar Technologies’s payout ratio is -38.28%.
In related news, insider Daniel L. Jablonsky acquired 20,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $5.15 per share, for a total transaction of $103,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nick Cyprus acquired 5,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $5.03 per share, for a total transaction of $25,150.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 45,300 shares of company stock worth $230,868.
Institutional investors have recently made changes to their positions in the company. IMS Capital Management bought a new position in Maxar Technologies in the third quarter worth $35,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Maxar Technologies by 244.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,196 shares of the company’s stock worth $127,000 after purchasing an additional 7,948 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Maxar Technologies in the fourth quarter worth $143,000. Metropolitan Life Insurance Co. NY lifted its position in Maxar Technologies by 316.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,655 shares of the company’s stock worth $211,000 after purchasing an additional 13,420 shares during the period. Finally, Quantbot Technologies LP bought a new position in Maxar Technologies in the third quarter worth $247,000. Institutional investors and hedge funds own 72.65% of the company’s stock.
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.