Redwire (NYSE:RDW) Receives Buy Rating from HC Wainwright

Redwire (NYSE:RDW)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They currently have a $26.00 target price on the stock. HC Wainwright’s price target points to a potential upside of 69.27% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. B. Riley decreased their price target on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Monday, May 12th. Finally, Wall Street Zen cut Redwire from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.05.

Redwire Price Performance

RDW stock opened at $15.36 on Tuesday. The firm has a market capitalization of $2.19 billion, a PE ratio of -6.80 and a beta of 2.53. Redwire has a 1 year low of $4.87 and a 1 year high of $26.66. The business has a 50 day simple moving average of $13.57 and a 200-day simple moving average of $14.58.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $74.54 million. On average, equities research analysts expect that Redwire will post -0.85 EPS for the current year.

Institutional Trading of Redwire

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Redwire in the first quarter valued at $69,000. Bluefin Capital Management LLC acquired a new stake in shares of Redwire during the first quarter worth about $167,000. Goldman Sachs Group Inc. increased its position in shares of Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of Redwire during the first quarter worth about $230,000. Finally, AQR Capital Management LLC increased its position in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after purchasing an additional 28,576 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.