York Space Systems (NYSE:YSS – Get Free Report) had its target price decreased by equities research analysts at Citigroup from $13.00 to $10.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price suggests a potential upside of 46.52% from the stock’s current price.
Several other equities analysts have also commented on the stock. Robert W. Baird set a $16.00 price objective on shares of York Space Systems in a research report on Monday, August 17th. Guggenheim started coverage on shares of York Space Systems in a report on Monday, September 14th. They issued a “neutral” rating on the stock. Needham & Company LLC decreased their target price on shares of York Space Systems from $33.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Canaccord Genuity Group cut shares of York Space Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $36.00 to $13.50 in a research report on Monday, August 17th. Finally, Raymond James Financial downgraded shares of York Space Systems from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.12.
Check Out Our Latest Report on YSS
York Space Systems Price Performance
Shares of NYSE YSS traded down $0.28 during midday trading on Tuesday, reaching $6.83. 652,685 shares of the stock traded hands, compared to its average volume of 2,280,931. The company’s 50 day moving average is $7.58 and its 200 day moving average is $19.76. York Space Systems has a one year low of $5.26 and a one year high of $44.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.34 and a quick ratio of 5.05. The stock has a market capitalization of $937.48 million and a PE ratio of -11.64.
York Space Systems (NYSE:YSS – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.12). The company had revenue of $92.55 million for the quarter. On average, equities research analysts anticipate that York Space Systems will post -1.75 earnings per share for the current year.
Hedge Funds Weigh In On York Space Systems
Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its position in York Space Systems by 63.9% in the third quarter. SBI Securities Co. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 1,932 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in York Space Systems during the second quarter worth $53,000. Global Retirement Partners LLC purchased a new position in York Space Systems during the third quarter worth $25,000. Sterling Capital Management LLC increased its position in York Space Systems by 4,356.7% during the third quarter. Sterling Capital Management LLC now owns 2,986 shares of the company’s stock valued at $26,000 after acquiring an additional 2,919 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in York Space Systems during the third quarter valued at $25,000.
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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