KeyCorp Brokers Lift Earnings Estimates for Virgin Galactic

Virgin Galactic Holdings, Inc. (NYSE:SPCE - Free Report) - Research analysts at KeyCorp lifted their FY2025 earnings estimates for Virgin Galactic in a report issued on Tuesday, April 22nd. KeyCorp analyst M. Leshock now expects that the company will post earnings per share of ($8.81) for the year, up from their prior forecast of ($10.56). The consensus estimate for Virgin Galactic's current full-year earnings is ($16.05) per share.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group cut their price target on Virgin Galactic from $41.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Susquehanna dropped their target price on shares of Virgin Galactic from $4.00 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Virgin Galactic presently has a consensus rating of "Hold" and an average price target of $19.85.

Virgin Galactic Stock Up 1.8 %

Shares of SPCE opened at $2.88 on Friday. The company has a market capitalization of $102.32 million, a P/E ratio of -0.17 and a beta of 2.11. Virgin Galactic has a one year low of $2.18 and a one year high of $28.20. The business's 50 day simple moving average is $3.26 and its 200-day simple moving average is $5.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.52 and a quick ratio of 4.52.

Institutional Trading of Virgin Galactic

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Virgin Galactic by 21.0% in the third quarter. Geode Capital Management LLC now owns 508,088 shares of the company's stock valued at $3,101,000 after purchasing an additional 88,102 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Virgin Galactic by 1,246.5% during the 4th quarter. Federated Hermes Inc. now owns 833,664 shares of the company's stock valued at $4,902,000 after purchasing an additional 771,749 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Virgin Galactic during the fourth quarter worth $715,000. Bank of New York Mellon Corp increased its holdings in Virgin Galactic by 6.8% in the 4th quarter. Bank of New York Mellon Corp now owns 60,688 shares of the company's stock worth $357,000 after purchasing an additional 3,888 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Virgin Galactic by 19.4% in the 4th quarter. Rhumbline Advisers now owns 33,205 shares of the company's stock valued at $195,000 after buying an additional 5,384 shares during the last quarter. Institutional investors own 46.62% of the company's stock.

About Virgin Galactic

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.

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