RBC Capital Maintains a Buy Rating on Maxar Technologies (MAXR)


RBC Capital analyst Steve Arthur maintained a Buy rating on Maxar Technologies (MAXR) yesterday and set a price target of $21.00. The company’s shares closed last Thursday at $17.81.

According to TipRanks.com, Arthur is a 4-star analyst with an average return of 7.0% and a 55.3% success rate. Arthur covers the Industrial Goods sector, focusing on stocks such as Martinrea International, Magna International, and Linamar.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxar Technologies with a $18.00 average price target.

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Based on Maxar Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $381 million and GAAP net loss of $48 million. In comparison, last year the company earned revenue of $431 million and had a GAAP net loss of $57 million.

Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAXR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Maxar Technologies, Inc. provides space technology solutions, delivering unmatched end-to-end capabilities in satellites, robotics, Earth imagery, geospatial data, analytics and insights. Its segments include Space Systems, Imagery and Services. The company was founded on February 3, 1969 and is headquartered in Westminster, Co.

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