York Space Systems (NYSE:YSS) Rating Lowered to Hold at Jefferies Financial Group

York Space Systems (NYSE:YSS – Get Free Report) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat.com reports. They presently have a $6.00 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 10.68% from the company’s current price.

A number of other analysts also recently commented on the stock. The Goldman Sachs Group set a $14.00 target price on shares of York Space Systems in a report on Tuesday, August 25th. Canaccord Genuity Group lowered shares of York Space Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $36.00 to $13.50 in a research report on Monday, August 17th. Piper Sandler decreased their price target on shares of York Space Systems from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday. Needham & Company LLC dropped their price target on York Space Systems from $18.00 to $10.00 and set a “buy” rating on the stock in a report on Friday. Finally, Citigroup cut their price objective on York Space Systems from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.73.

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York Space Systems Price Performance

NYSE:YSS traded down $1.18 during mid-day trading on Friday, reaching $5.42. 1,386,894 shares of the stock were exchanged, compared to its average volume of 2,269,991. The business has a fifty day moving average price of $7.46 and a 200 day moving average price of $19.56. The firm has a market capitalization of $744.63 million and a PE ratio of -9.50. York Space Systems has a 1-year low of $5.13 and a 1-year high of $44.54. The company has a current ratio of 5.34, a quick ratio of 5.05 and a debt-to-equity ratio of 0.08.

York Space Systems (NYSE:YSS – Get Free Report) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($5.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($5.76). The business had revenue of $84.17 million for the quarter. Research analysts expect that York Space Systems will post -1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On York Space Systems

Several hedge funds have recently made changes to their positions in YSS. Persistent Asset Partners Ltd acquired a new position in York Space Systems in the 2nd quarter worth approximately $53,000. Global Retirement Partners LLC acquired a new stake in York Space Systems during the 3rd quarter valued at $25,000. Parallel Advisors LLC purchased a new stake in shares of York Space Systems in the third quarter valued at $25,000. Sterling Capital Management LLC lifted its holdings in shares of York Space Systems by 4,356.7% in the third quarter. Sterling Capital Management LLC now owns 2,986 shares of the company’s stock valued at $26,000 after purchasing an additional 2,919 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in shares of York Space Systems in the second quarter worth $83,000.

Recent York Space Systems Headlines

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About York Space Systems

(Get Free Report)

York Space Systems designs, manufactures and operates spacecraft and related systems. Its offerings include satellite platforms, spacecraft integration, mission operations and ground-system services for customers developing and operating satellite missions. The company’s product portfolio includes standardized spacecraft platforms designed to support a range of payloads and mission requirements. York serves government and commercial customers, including organizations involved in national security, civil space and communications missions.

Further Reading

Analyst Recommendations for York Space Systems (NYSE:YSS)

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