Shares of Maxar Technologies Ltd (NYSE:MAXR) were up 4.5% during trading on Thursday . The stock traded as high as $18.19 and last traded at $18.85. Approximately 91,742 shares traded hands during trading, a decline of 85% from the average daily volume of 630,030 shares. The stock had previously closed at $18.04.

Several analysts have commented on MAXR shares. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price objective on shares of Maxar Technologies in a research note on Tuesday, July 17th. TD Securities reduced their price objective on Maxar Technologies from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Zacks Investment Research upgraded Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Saturday, August 4th. Royal Bank of Canada dropped their target price on Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 5th. Finally, CIBC cut Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $52.90.

The company has a debt-to-equity ratio of 1.80, a current ratio of 0.94 and a quick ratio of 0.87. The stock has a market capitalization of $1.07 billion and a PE ratio of 8.45.

Maxar Technologies (NYSE:MAXR) last released its earnings results on Wednesday, October 31st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. The business had revenue of $508.20 million for the quarter, compared to analyst estimates of $726.45 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 50.6% on a year-over-year basis. On average, research analysts expect that Maxar Technologies Ltd will post 3.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.283 per share. This represents a $1.13 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Thursday, December 13th. Maxar Technologies’s payout ratio is 53.05%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its holdings in Maxar Technologies by 52.6% during the 1st quarter. Legal & General Group Plc now owns 14,773 shares of the company’s stock valued at $682,000 after buying an additional 5,095 shares during the last quarter. Addenda Capital Inc. lifted its stake in shares of Maxar Technologies by 26.7% during the 2nd quarter. Addenda Capital Inc. now owns 159,772 shares of the company’s stock worth $8,016,000 after purchasing an additional 33,710 shares during the period. Amalgamated Bank purchased a new position in shares of Maxar Technologies during the 2nd quarter worth $390,000. Douglas Lane & Associates LLC raised its position in shares of Maxar Technologies by 25.9% in the 2nd quarter. Douglas Lane & Associates LLC now owns 1,296,513 shares of the company’s stock worth $65,500,000 after buying an additional 266,716 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Maxar Technologies in the 2nd quarter worth $9,506,000. Institutional investors own 84.96% of the company’s stock.

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Maxar Technologies Company Profile (NYSE:MAXR)

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the 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, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

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