Redwire’s (RDW) Overweight Rating Reaffirmed at Cantor Fitzgerald

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

RDW has been the topic of a number of other research reports. Longbow Research lifted their target price on Redwire from $5.00 to $6.00 and gave the stock a buy rating in a research report on Friday, May 10th. Roth Mkm boosted their price target on Redwire from $5.00 to $10.00 and gave the company a buy rating in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $6.75.

Redwire Trading Up 1.0 %

NYSE:RDW opened at $6.98 on Monday. The firm has a market cap of $457.75 million, a PE ratio of -9.69 and a beta of 1.97. The stock has a fifty day moving average price of $5.29 and a 200 day moving average price of $4.00. Redwire has a 12-month low of $2.35 and a 12-month high of $7.38.

Redwire (NYSE:RDW) last released its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $87.79 million during the quarter, compared to analysts’ expectations of $65.88 million. Equities analysts forecast that Redwire will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of RDW. Vanguard Group Inc. raised its holdings in Redwire by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after acquiring an additional 3,681 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Redwire during the 1st quarter worth $59,000. Finally, LA Financiere DE L Echiquier increased its holdings in shares of Redwire by 10.6% during the 4th quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock worth $1,282,000 after buying an additional 43,000 shares during 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.