Redwire Co. (NYSE:RDW) Receives $20.05 Consensus Target Price from Analysts

Redwire Co. (NYSE:RDW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.05.

A number of equities analysts recently commented on the stock. HC Wainwright reiterated a "buy" rating and issued a $26.00 target price on shares of Redwire in a research report on Wednesday, March 12th. B. Riley lowered their target price on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Wall Street Zen upgraded Redwire from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Monday, May 12th.

Redwire Stock Performance

Redwire stock traded up $2.57 during mid-day trading on Thursday, hitting $15.57. 2,934,430 shares of the company traded hands, compared to its average volume of 1,874,713. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $13.91. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -12.98 and a beta of 2.46. Redwire has a one year low of $4.84 and a one year high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.20). The firm had revenue of $61.40 million for the quarter, compared to analysts' expectations of $74.54 million. Sell-side analysts predict that Redwire will post -0.85 EPS for the current year.

Hedge Funds Weigh In On Redwire

A number of hedge funds and other institutional investors have recently made changes to their positions in RDW. Quarry LP bought a new stake in Redwire in the fourth quarter valued at $33,000. Summit Investment Advisors Inc. boosted its stake in shares of Redwire by 64.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock valued at $39,000 after purchasing an additional 931 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Redwire during the 1st quarter valued at about $42,000. FNY Investment Advisers LLC purchased a new position in shares of Redwire during the first quarter valued at about $47,000. Finally, GAMMA Investing LLC lifted its holdings in Redwire by 69,077.8% in the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock worth $52,000 after buying an additional 6,217 shares during the period. Institutional investors own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.