UPDATE: RBC Capital Starts Maxar Technologies Ltd (MAXR) at Outperform

January 20, 2022 5:01 AM EST
Get Alerts MAXR Hot Sheet
Price: $28.86 +17.89%

Rating Summary:
    8 Buy, 6 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 13 | New: 20
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(Updated - January 20, 2022 5:01 AM EST)

RBC Capital analyst Ken Herbert initiates coverage on Maxar Technologies Ltd (NYSE: MAXR) with a Outperform rating and a price target of $42.00.

The analyst comments " We are initiating coverage of Maxar Technologies (MAXR) with an Outperform rating and a $40 price objective. After multiple delays on the launch of its WorldView Legion satellite constellation, the expected 2022 launch of the six-satellite constellation will be a positive catalyst. The company remains well positioned for the upcoming US Government EOCL contract, even with additional competition. The stock is a core holding for exposure to legacy and "NewSpace" markets. The current valuation of 9.2x 2022 EBITDA reflects the risk to the 2023 outlook, and provides a compelling risk-reward."

For an analyst ratings summary and ratings history on Maxar Technologies Ltd click here. For more ratings news on Maxar Technologies Ltd click here.

Shares of Maxar Technologies Ltd closed at $27.05 yesterday.

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