Redwire (NYSE:RDW) Receives “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Redwire (NYSE:RDW) in a research report released on Monday morning, Benzinga reports. The firm currently has a $6.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Roth Mkm upped their price objective on shares of Redwire from $5.00 to $10.00 and gave the stock a buy rating in a report on Friday, May 10th. Longbow Research increased their target price on shares of Redwire from $5.00 to $6.00 and gave the stock a buy rating in a report on Friday, May 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $6.75.

Redwire Stock Down 3.2 %

RDW stock opened at $6.94 on Monday. The stock has a market capitalization of $455.13 million, a P/E ratio of -9.64 and a beta of 1.97. The firm has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $3.95. Redwire has a 52 week low of $2.35 and a 52 week high of $7.38.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The company had revenue of $87.79 million for the quarter, compared to the consensus estimate of $65.88 million. On average, analysts expect that Redwire will post -0.48 earnings per share for the current year.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Redwire by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after purchasing an additional 3,681 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Redwire in the first quarter valued at about $59,000. Finally, LA Financiere DE L Echiquier lifted its holdings in shares of Redwire by 10.6% in the fourth quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock valued at $1,282,000 after purchasing an additional 43,000 shares in the last quarter. Hedge funds and other 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.