Stifel Nicolaus Reaffirms “Buy” Rating for Terran Orbital (NYSE:LLAP)

Stifel Nicolaus reaffirmed their buy rating on shares of Terran Orbital (NYSE:LLAP) in a research note issued to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a $7.00 price target on the stock.

LLAP has been the subject of several other reports. HC Wainwright restated a buy rating and set a $3.00 target price on shares of Terran Orbital in a report on Monday, March 4th. B. Riley dropped their target price on shares of Terran Orbital from $1.35 to $1.00 and set a neutral rating for the company in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Terran Orbital has a consensus rating of Hold and an average price target of $4.07.

Terran Orbital Stock Up 4.0 %

Shares of LLAP opened at $1.31 on Tuesday. The company has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $0.95. The company has a market capitalization of $254.74 million, a PE ratio of -1.39 and a beta of 2.27. Terran Orbital has a 52-week low of $0.62 and a 52-week high of $2.04.

Hedge Funds Weigh In On Terran Orbital

Hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new stake in shares of Terran Orbital during the first quarter worth about $29,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Terran Orbital by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 395,078 shares of the company’s stock worth $727,000 after buying an additional 7,228 shares in the last quarter. American International Group Inc. grew its holdings in shares of Terran Orbital by 71.1% during the fourth quarter. American International Group Inc. now owns 19,454 shares of the company’s stock worth $31,000 after buying an additional 8,084 shares in the last quarter. Barclays PLC grew its holdings in shares of Terran Orbital by 89.4% during the first quarter. Barclays PLC now owns 20,911 shares of the company’s stock worth $38,000 after buying an additional 9,868 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Terran Orbital during the first quarter worth about $69,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

About Terran Orbital

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industry in the United States. It operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses.