RBC Capital analyst Steve Arthur reiterated a Buy rating on Maxar Technologies Ltd (NYSE: MAXR) yesterday and set a price target of $65. The company’s shares opened today at $31.13, close to its 52-week low of $28.77.
According to TipRanks.com, Arthur is ranked #463 out of 4873 analysts.
Currently, the analyst consensus on Maxar Technologies Ltd is a Strong Buy with an average price target of $66.67, implying an 114.2% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $70 price target.
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Based on Maxar Technologies Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $18.6 million. In comparison, last year the company had a net profit of $19.22 million.
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Maxar Technologies Ltd. engages in the provision of operational solutions to commercial and government organizations worldwide. It operates through the following segments: Space Systems, Imagery, and Services.
