Analysts Set Redwire Corporation (NYSE:RDW) Target Price at $14.69

Shares of Redwire Corporation (NYSE:RDW) have been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Two equities 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 issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.6875.

Several research firms recently issued reports on RDW. Bank of America increased their target price on shares of Redwire from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Monday, August 31st. Cantor Fitzgerald lifted their price target on shares of Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Redwire from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group boosted their price objective on Redwire from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th.

Redwire Price Performance

NYSE RDW opened at $10.62 on Wednesday. The business’s fifty day moving average is $10.68 and its 200 day moving average is $11.60. Redwire has a fifty-two week low of $4.87 and a fifty-two week high of $26.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 3.92. The company has a market capitalization of $2.66 billion, a PE ratio of -7.28 and a beta of 3.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new position in shares of Redwire in the first quarter worth $28,000. KBC Group NV bought a new stake in Redwire in the 1st quarter valued at $29,000. Sunbelt Securities Inc. lifted its stake in Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares in the last quarter. CWM LLC lifted its stake in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

About Redwire

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.