Maxar Technologies Ltd (MAXR), the Technology company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from CIBC’s analyst Stephanie Price, with a C$6 price target.
According to TipRanks.com, Price is ranked #1152 out of 5129 analysts.
Currently, the analyst consensus on Maxar Technologies Ltd is a Hold with an average price target of C$20, which is a 211.5% upside from current levels. In a report issued on January 8, National Bank also downgraded the stock to Hold with a C$10 price target.
Based on Maxar Technologies Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$565 million. In comparison, last year the company had a net profit of C$14.87 million.
Develops satellite communications technologies
The company’s shares closed on Tuesday at C$6.42, close to its 52-week low of C$6.32.