Bank of America Securities analyst Ronald Epstein maintained a Sell rating on Virgin Galactic Holdings (SPCE – Research Report) yesterday and set a price target of $3.00. The company’s shares closed yesterday at $4.14.
According to TipRanks, Epstein is a 4-star analyst with an average return of 4.2% and a 54.58% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, Triumph Group, and HEICO.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Virgin Galactic Holdings with a $3.81 average price target.
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Based on Virgin Galactic Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $392 thousand and a GAAP net loss of $159.39 million. In comparison, last year the company earned a revenue of $319 thousand and had a GAAP net loss of $93.06 million
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Virgin Galactic Holdings Inc is a United States-based vertically-integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
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