Maxar Technologies Inc. (MAXR): Not A Time To Panic Nor Freeze


Maxar Technologies Inc. (MAXR) concluded trading on 08/26/20 at a closing price of $25.27, with 1.19 million shares of worth about $30.04 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -5.28% during that period and on Wednesday the price saw a loss of about -3.33%. Currently the company’s common shares owned by public are about 60.60M shares, out of which, 59.89M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the MAXR stock and their offered price forecasts bring an average price target of $23.28. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $27.00 and could fall to a lowest price of $16.54. Analysts also issued an outlook of 2.00 for the Maxar Technologies Inc. stock for next 12 months. However, touching the estimated high of $27.00 would mean a gain of 6.41% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 78 times over the past 12 months. They bought 711,100 shares in 43 of the transactions. In 35 selling transactions, insiders dumped 157,092 shares.

SPDR S&P Aerospace & Defense ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Maxar Technologies Inc. SPDR S&P Aerospace & Defense ETF is currently holding 2.85 million shares of worth totaling $50.61 million. The company recently came buying 0.0 shares which brought its stake up to 4.73% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 28409.0 shares, after which its hold over company’s outstanding shares shrunk to 2.71%, leaving 1.63 million shares with the mutual fund that have a worth of about $28.95 million. Vanguard Small Cap Index Fund, after selling 1.43 million shares, have now control over 2.38% of the stake in the company. It holds 8443.0 shares of worth $25.46 million.

Maxar Technologies Inc. (NYSE: MAXR) started trading at $26.28, above $0.14 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $25.27, or with a loss of -3.33%. Stock saw a price change of -5.28% in past 5 days and over the past one month there was a price change of 51.32%. Year-to-date (YTD), MAXR shares are showing a performance of 61.26% which increased to 288.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.33 but also hit the highest price of $28.12 during that period. While comparing its average daily trading volume of 1.70 million shares, we see that about 1.19 million changed hands on the day. The stock is currently trading 5.72% above its 20-day simple moving average (SMA20), while that difference is up 29.13% for SMA50 and it goes to 67.72% higher than SMA200.

Maxar Technologies Inc. (NYSE: MAXR) currently have 60.60M outstanding shares and institutions hold larger chunk of about 80.60% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $1.53B and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$1.09 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAXR, volatility over the week remained 4.78% while standing at 6.18% over the month.

Analysts are in expectations that Maxar Technologies Inc. (MAXR) stock would likely to be making an EPS of $1.06 in the current quarter, while forecast for next quarter ESPS is $1.09 and it is $4.99 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.99 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 109.20% while it is estimated to increase by 4.00% in next year. EPS is likely to grow at an annualized rate of 5.18% for next 5-years, compared to annual growth of 1.10% made by the stock over the past 5-years.

Analysts at 9 brokerage firms have issued recommendations for the Maxar Technologies Inc. (MAXR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 9 Wall Street analysts, 3 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Securities on August 06, 2020 offering a Buy rating for the stock and assigned a target price range of between $25 and $27 to it. Coverage by Credit Suisse stated Maxar Technologies Inc. (MAXR) stock as a Neutral in their note to investors on January 15, 2020, suggesting a price target of for the stock. On December 19, 2019, CIBC Upgrade their recommendations, while on November 06, 2019, TD Securities Upgrade their ratings for the stock with a price target of. Stock get an Overweight rating from JP Morgan on September 10, 2019.


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