|Bid||39.70 x 900|
|Ask||40.12 x 900|
|Day's Range||39.49 - 41.03|
|52 Week Range||14.94 - 58.75|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||9.27|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||0.04 (0.10%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||60.52|
Shares of space company Maxar Technologies (NYSE: MAXR) are going "to the moon" today, up 12.4% as of 12:45 p.m. EDT. As StreetInsider.com reported this morning, investment bank Goldman Sachs has just initiated coverage of Maxar Technologies stock with a "buy" rating and a $52 price target that suggests there could be as much as 29% upside in the stock. The company has issued 2023 targets that we believe may actually be a bit conservative, and following a pullback in the stock this year, it now trades at a lower 2023 EV/EBITDA and FCF multiple than any other [defense stock] (7X on both).
Maxar 'has a gem business in earth intelligence and a turnaround opportunity in space infrastructure,' Goldman says, initiating the stock at buy.
SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks.