Cantor Fitzgerald Cuts Redwire (NYSE:RDW) Price Target to $20.00

Redwire (NYSE:RDW) had its price target decreased by Cantor Fitzgerald from $28.00 to $20.00 in a report released on Wednesday, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Redwire’s FY2025 earnings at ($2.09) EPS and FY2026 earnings at ($0.53) EPS.

Several other brokerages have also recently issued reports on RDW. HC Wainwright reissued a “buy” rating and issued a $22.00 price objective (down from $26.00) on shares of Redwire in a research note on Friday, August 8th. Canaccord Genuity Group lowered their target price on shares of Redwire from $21.00 to $17.50 and set a “buy” rating on the stock in a report on Monday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Bank of America reduced their price objective on shares of Redwire from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Friday, October 10th. Finally, Wall Street Zen lowered Redwire from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.06.

Redwire Stock Performance

Shares of RDW traded up $0.57 during mid-day trading on Wednesday, hitting $6.55. 6,533,055 shares of the company’s stock were exchanged, compared to its average volume of 7,405,174. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Redwire has a fifty-two week low of $5.72 and a fifty-two week high of $26.66. The business’s 50 day moving average is $8.54 and its two-hundred day moving average is $11.96. The firm has a market capitalization of $942.74 million, a P/E ratio of -2.06 and a beta of 2.45.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Redwire had a negative net margin of 70.32% and a negative return on equity of 29.56%. The company had revenue of $61.76 million during the quarter, compared to analyst estimates of $80.48 million. On average, equities analysts expect that Redwire will post -0.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $7.83, for a total value of $86,130,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Several hedge funds have recently modified their holdings of RDW. Vontobel Holding Ltd. purchased a new stake in shares of Redwire during the first quarter worth about $139,000. Penserra Capital Management LLC boosted its position in Redwire by 37.0% during the first quarter. Penserra Capital Management LLC now owns 107,402 shares of the company’s stock worth $890,000 after acquiring an additional 29,013 shares during the last quarter. LBP AM SA grew its stake in Redwire by 24.8% in the 1st quarter. LBP AM SA now owns 496,230 shares of the company’s stock worth $4,114,000 after acquiring an additional 98,616 shares during the period. New York State Common Retirement Fund raised its holdings in Redwire by 656.7% in the 1st quarter. New York State Common Retirement Fund now owns 8,066 shares of the company’s stock valued at $67,000 after acquiring an additional 7,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Redwire by 1,172.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,106 shares of the company’s stock valued at $67,000 after acquiring an additional 7,469 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

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.