York Space Systems (NYSE:YSS) Stock Price Target Cut by Citigroup

Key Points

• Citigroup cut its price target on York Space Systems from $13 to $10 but maintained a Buy rating; its new target implies 46.52% upside from the prior close.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and a $16.12 average target, with five Buy, ten Hold, and one Sell ratings.
• York Space Systems shares traded at $6.83 on Tuesday. The company’s latest quarterly loss of $0.31 per share was wider than analysts’ $0.19 loss estimate.

York Space Systems (NYSE:YSS - Get Free Report) had its price objective reduced by Citigroup from $13.00 to $10.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 46.52% from the company's previous close.

A number of other equities research analysts have also recently commented on YSS. Piper Sandler decreased their target price on shares of York Space Systems from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Weiss Ratings reiterated a "sell (d)" rating on shares of York Space Systems in a research report on Wednesday, August 12th. Truist Financial dropped their price target on shares of York Space Systems from $26.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, August 20th. Wall Street Zen cut shares of York Space Systems from a "hold" rating to a "sell" rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group decreased their price objective on shares of York Space Systems from $32.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.12.

York Space Systems Stock Performance

NYSE YSS traded down $0.28 on Tuesday, hitting $6.83. 652,685 shares of the company traded hands, compared to its average volume of 2,280,931. The company has a market capitalization of $937.48 million and a price-to-earnings ratio of -11.64. The company has a current ratio of 5.34, a quick ratio of 5.05 and a debt-to-equity ratio of 0.08. The business's 50 day moving average price is $7.58 and its 200-day moving average price is $19.76. York Space Systems has a 52-week low of $5.26 and a 52-week high of $44.54.

York Space Systems (NYSE:YSS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.12). The business had revenue of $92.55 million during the quarter. Equities analysts expect that York Space Systems will post -1.75 earnings per share for the current year.

Institutional Investors Weigh In On York Space Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC increased its holdings in shares of York Space Systems by 0.8% in the third quarter. Voya Investment Management LLC now owns 1,632,024 shares of the company's stock worth $14,117,000 after purchasing an additional 13,706 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of York Space Systems in the third quarter worth about $25,000. Russell Investments Group Ltd. lifted its position in shares of York Space Systems by 89.0% in the third quarter. Russell Investments Group Ltd. now owns 12,791 shares of the company's stock worth $111,000 after buying an additional 6,023 shares in the last quarter. Fifth Third Bancorp boosted its stake in York Space Systems by 15.1% during the third quarter. Fifth Third Bancorp now owns 112,105 shares of the company's stock valued at $970,000 after buying an additional 14,691 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in York Space Systems during the third quarter valued at approximately $235,000.

About York Space Systems

York Space Systems designs, manufactures and operates spacecraft and related systems. Its offerings include satellite platforms, spacecraft integration, mission operations and ground-system services for customers developing and operating satellite missions. The company's product portfolio includes standardized spacecraft platforms designed to support a range of payloads and mission requirements. York serves government and commercial customers, including organizations involved in national security, civil space and communications missions.

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