Redwire Co. (NYSE:RDW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Redwire Co. (NYSE:RDW) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.13.

A number of research firms have recently weighed in on RDW. Alliance Global Partners raised their price target on shares of Redwire from $7.00 to $8.25 and gave the company a “buy” rating in a report on Tuesday, July 30th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. Roth Mkm boosted their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, HC Wainwright assumed coverage on Redwire in a report on Tuesday. They set a “buy” rating and a $18.00 price target on the stock.

Institutional Investors Weigh In On Redwire

Several large investors have recently modified their holdings of RDW. SG Americas Securities LLC acquired a new stake in shares of Redwire during the 1st quarter worth about $59,000. Vontobel Holding Ltd. bought a new stake in Redwire during the third quarter worth about $74,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Redwire during the second quarter worth approximately $74,000. AQR Capital Management LLC bought a new position in shares of Redwire in the second quarter valued at approximately $89,000. Finally, MetLife Investment Management LLC boosted its holdings 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 worth $97,000 after acquiring an additional 7,921 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Redwire Trading Up 4.5 %

Shares of NYSE:RDW opened at $13.76 on Tuesday. The firm has a market cap of $915.59 million, a price-to-earnings ratio of -11.37 and a beta of 1.93. Redwire has a 1 year low of $2.49 and a 1 year high of $14.24. The business has a fifty day simple moving average of $8.46 and a 200 day simple moving average of $6.99.

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.