Brokerages Set Redwire Corporation (NYSE:RDW) PT at $14.69

by · The Cerbat Gem

Redwire Corporation (NYSE:RDW – Get Free Report) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.6875.

RDW has been the topic of a number of analyst reports. Bank of America upped their price target on Redwire from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Monday, August 31st. Wall Street Zen upgraded Redwire from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Cantor Fitzgerald upped their target price on Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. Finally, Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Thursday, August 6th.

Get Our Latest Research Report on RDW

Redwire Price Performance

Shares of NYSE:RDW opened at $10.62 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 3.92. Redwire has a 52 week low of $4.87 and a 52 week high of $26.64. The firm has a market cap of $2.66 billion, a PE ratio of -7.28 and a beta of 3.08. The firm’s fifty day moving average is $10.68 and its 200-day moving average is $11.57.

Redwire (NYSE:RDW – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $117.07 million during the quarter, compared to the consensus estimate of $107.10 million. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%. Sell-side analysts predict that Redwire will post -0.7 earnings per share for the current year.

Institutional Investors Weigh In On Redwire

Large investors have recently modified their holdings of the company. Parvin Asset Management LLC raised its stake in Redwire by 6.9% during the first quarter. Parvin Asset Management LLC now owns 17,825 shares of the company’s stock worth $152,000 after buying an additional 1,150 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after acquiring an additional 1,533 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Redwire by 12.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock worth $495,000 after acquiring an additional 3,248 shares during the period. Parallel Advisors LLC acquired a new stake in Redwire during the 1st quarter worth about $28,000. Finally, KBC Group NV bought a new position in shares of Redwire in the 1st quarter worth about $29,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Company Profile

(Get Free Report)

Redwire Corporation is a space infrastructure and technology company that develops products and services for government, commercial and international space customers. Its capabilities support the design, manufacture and operation of spacecraft, space systems and related infrastructure across missions in low Earth orbit and beyond.

The company’s offerings include digital engineering and mission-support services, spacecraft platforms, avionics, sensors, power systems, deployable structures and solar arrays.

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