Maxar Technologies (NYSE:MAXR) had its price objective lifted by stock analysts at TD Securities from $8.50 to $9.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 1.82% from the company’s current price.

MAXR has been the subject of a number of other reports. Raymond James reissued an “outperform” rating and issued a $20.00 price objective on shares of Maxar Technologies in a research note on Wednesday, August 7th. National Bank Financial lifted their target price on shares of Maxar Technologies from $7.00 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of Maxar Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Credit Suisse Group set a $5.00 target price on shares of Maxar Technologies and gave the stock a “sell” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. initiated coverage on Maxar Technologies in a research note on Tuesday. They issued an “overweight” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.70.

Maxar Technologies stock traded up $0.95 during midday trading on Wednesday, hitting $9.33. The stock had a trading volume of 3,113,729 shares, compared to its average volume of 1,131,255. Maxar Technologies has a 52-week low of $3.83 and a 52-week high of $37.71. The company has a market capitalization of $418.97 million, a PE ratio of -3.22 and a beta of 0.63. The firm’s fifty day moving average is $7.14 and its two-hundred day moving average is $6.57. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 4.28.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $490.00 million for the quarter, compared to the consensus estimate of $519.36 million. Maxar Technologies had a negative net margin of 64.83% and a negative return on equity of 7.35%. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. As a group, equities research analysts predict that Maxar Technologies will post -1.49 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in shares of Maxar Technologies by 12.1% in the second quarter. Mackenzie Financial Corp now owns 8,207,661 shares of the company’s stock worth $64,184,000 after purchasing an additional 883,540 shares during the last quarter. Douglas Lane & Associates LLC raised its holdings in shares of Maxar Technologies by 6.9% during the 2nd quarter. Douglas Lane & Associates LLC now owns 2,946,002 shares of the company’s stock worth $23,038,000 after acquiring an additional 190,425 shares in the last quarter. BlackRock Inc. boosted its position in shares of Maxar Technologies by 3.8% during the 2nd quarter. BlackRock Inc. now owns 2,775,020 shares of the company’s stock valued at $21,701,000 after acquiring an additional 101,568 shares during the last quarter. Taylor Asset Management Inc. grew its holdings in shares of Maxar Technologies by 70.0% in the first quarter. Taylor Asset Management Inc. now owns 2,228,512 shares of the company’s stock valued at $9,005,000 after purchasing an additional 917,549 shares in the last quarter. Finally, Elk Creek Partners LLC purchased a new position in shares of Maxar Technologies in the first quarter valued at $6,663,000. Institutional investors and hedge funds own 78.38% 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.

Read More: The risks of owning bonds

Analyst Recommendations for Maxar Technologies (NYSE:MAXR)

Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.