Redwire (NYSE:RDW) Price Target Increased to $6.00 by Analysts at Longbow Research

Redwire (NYSE:RDWFree Report) had its price target hoisted by Longbow Research from $5.00 to $6.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

RDW has been the topic of a number of other research reports. Roth Mkm lifted their price target on shares of Redwire from $5.00 to $10.00 and gave the stock a buy rating in a report on Friday. Cantor Fitzgerald boosted their target price on Redwire from $5.00 to $6.00 and gave the company an overweight rating in a research note on Friday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $6.75.

Get Our Latest Stock Analysis on Redwire

Redwire Trading Up 3.4 %

RDW stock opened at $4.83 on Friday. Redwire has a 1-year low of $2.35 and a 1-year high of $5.08. The stock has a market cap of $316.75 million, a P/E ratio of -6.71 and a beta of 1.77. The stock’s fifty day simple moving average is $3.90 and its two-hundred day simple moving average is $3.22.

Redwire (NYSE:RDWGet Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $63.49 million for the quarter, compared to the consensus estimate of $60.97 million. As a group, analysts forecast that Redwire will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Redwire

Several institutional investors have recently made changes to their positions in RDW. Vanguard Group Inc. grew its position 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 bought a new position in Redwire in the 1st quarter worth about $59,000. Finally, LA Financiere DE L Echiquier boosted its stake in Redwire by 10.6% in the 4th quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock worth $1,282,000 after purchasing an additional 43,000 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Redwire (NYSE:RDW)

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