CIBC Reiterates Their Hold Rating on Maxar Technologies Ltd (MAXR)
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.
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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.