Redwire Co. (NYSE:RDW) Receives Average Rating of “Moderate Buy” from Analysts

Redwire Co. (NYSE:RDW) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.13.

A number of research firms have weighed in on RDW. HC Wainwright reissued a “buy” rating and issued a $18.00 target price on shares of Redwire in a research note on Wednesday, December 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and upped their target price for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Finally, Roth Mkm lifted their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On Redwire

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Redwire by 17.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock valued at $112,000 after buying an additional 2,296 shares during the period. MetLife Investment Management LLC raised its stake in shares of Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after acquiring an additional 7,921 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Redwire in the 2nd quarter worth approximately $74,000. Penserra Capital Management LLC lifted its holdings in shares of Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after acquiring an additional 10,558 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Redwire during the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Trading Up 7.2 %

NYSE:RDW opened at $15.07 on Friday. Redwire has a twelve month low of $2.68 and a twelve month high of $15.25. The company has a market cap of $1.00 billion, a P/E ratio of -12.45 and a beta of 2.25. The company’s 50-day moving average price is $11.04 and its 200-day moving average price is $8.19.

About Redwire

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.