Maxar Technologies Inc. (MAXR) Volatility Spurs A Quest For Clarity


    With over 0.95 million Maxar Technologies Inc. (MAXR) shares trading Friday and a closing price of $17.79 on the day, the dollar volume was approximately $16.83 million. The shares have shown a positive weekly performance of 10.36% and its price on 07/31/20 lost nearly -0.61%. Currently, there are 60.10M common shares owned by the public and among those 59.64M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for MAXR have a consensus price objective of $19.39. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $17.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Maxar Technologies Inc. stock is 2.00 for the next 12 months. But an upside of 28.84% will see the stock hit the forecast high price target while mean target price for the stock is $19.00.

    Insiders at the company have transacted a total of 76 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 707,129 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 148,430 shares.

    The top 3 mutual fund holders in Maxar Technologies Inc. are SPDR S&P Aerospace & Defense ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. SPDR S&P Aerospace & Defense ETF owns 3.06 million shares of the company’s stock, all valued at over $55.01 million. Vanguard Total Stock Market Index sold 18643.0 shares to see its total holdings shrink to 1.66 million shares valued at over $29.74 million and representing 2.76% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.1 million shares to bring its total holdings to over 1.44 million shares at a value of $25.86 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.40% of the shares outstanding.

    Shares of Maxar Technologies Inc. (NYSE: MAXR) opened at $18.10, up $0.2 from a prior closing price of $17.90. However, the script later closed the day at $17.79, down -0.61%. The company’s stock has a 5-day price change of 10.36% and 56.19% over the past three months. MAXR shares are trading 13.53% year to date (YTD), with the 12-month market performance up to 157.45% higher. It has a 12-month low price of $6.06 and touched a high of $21.45 over the same period. Currently, 0.95 million shares have been traded, compared to an average intraday trading volume of 1.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.38%, 10.54%, and 30.56% respectively.

    Institutional ownership of Maxar Technologies Inc. (NYSE: MAXR) shares accounts for 79.10% of the company’s 60.10M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $1.10B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 14.53, while the earnings-per-share (ttm) stands at $1.22. The company has a PEG of 2.81 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 4.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.65% over the week and 5.79% over the month.

    Analysts forecast that Maxar Technologies Inc. (MAXR) will achieve an EPS of $1.06 for the current quarter, $1.09 for the next quarter and $4.99 for 2019. The lowest estimate earnings-per-share for the quarter is $0.99 while analysts give the company a high EPS estimate of $1.11. Comparatively, EPS for the current quarter was $1 a year ago. Earnings per share for the fiscal year are expected to increase by 109.20%, and 4.00% over the next financial year. EPS should grow at an annualized rate of 5.18% over the next five years, compared to 1.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Maxar Technologies Inc. (MAXR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the MAXR, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on January 15, 2020, with the firm’s price target at . CIBC coverage for the Maxar Technologies Inc. (MAXR) stock in a research note released on December 19, 2019 offered a Neutral rating with a price target of . TD Securities was of a view on November 06, 2019 that the stock is Speculative Buy, while JP Morgan gave the stock Overweight rating on September 10, 2019, issuing a price target of $12. TD Securities on their part issued Hold rating on March 01, 2019.


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