York Space Systems Inc. (NYSE:YSS) Stock Has Average Price Target of $16.35 According to Analysts

Shares of York Space Systems Inc. (NYSE:YSS) have earned a consensus rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.35.

Several analysts have issued reports on YSS shares. Citigroup cut their target price on York Space Systems from $33.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Robert W. Baird set a $16.00 target price on York Space Systems in a report on Monday, August 17th. Weiss Ratings reissued a “sell (d)” rating on shares of York Space Systems in a research note on Wednesday, August 12th. Guggenheim started coverage on shares of York Space Systems in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Finally, Craig Hallum initiated coverage on shares of York Space Systems in a research report on Wednesday, August 26th. They set a “hold” rating and a $11.00 price objective for the company.

York Space Systems Stock Performance

York Space Systems stock opened at $6.27 on Friday. The firm’s fifty day moving average is $7.61 and its 200 day moving average is $19.83. The company has a quick ratio of 5.05, a current ratio of 5.34 and a debt-to-equity ratio of 0.08. York Space Systems has a 52-week low of $5.26 and a 52-week high of $44.54.

York Space Systems (NYSE:YSS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). The business had revenue of $92.55 million for the quarter. As a group, equities research analysts predict that York Space Systems will post -1.75 EPS for the current fiscal year.

Institutional Trading of York Space Systems

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in York Space Systems by 89.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,791 shares of the company’s stock valued at $111,000 after acquiring an additional 6,023 shares in the last quarter. Fifth Third Bancorp lifted its position in York Space Systems by 15.1% during the third quarter. Fifth Third Bancorp now owns 112,105 shares of the company’s stock valued at $970,000 after purchasing an additional 14,691 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of York Space Systems in the third quarter worth about $235,000. 71 West Capital Partners acquired a new position in York Space Systems during the 3rd quarter worth $44,764,000. Finally, Parallel Advisors LLC purchased a new stake in York Space Systems during the third quarter valued at about $25,000.

About York Space Systems

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company’s product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York’s platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.