Workhorse Group (WKHS) PT Set at $6.00 by Cowen

Workhorse Group (NASDAQ:WKHS) received a $6.00 target price from research analysts at Cowen in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Cowen’s target price suggests a potential upside of 88.68% from the company’s current price.

A number of other brokerages have also commented on WKHS. ValuEngine upgraded shares of Workhorse Group from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Maxim Group reiterated a “buy” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Workhorse Group in a report on Wednesday.

Shares of Workhorse Group (WKHS) traded up $0.37 during mid-day trading on Wednesday, reaching $3.18. 2,012,333 shares of the company’s stock were exchanged, compared to its average volume of 314,304. Workhorse Group has a 52-week low of $1.85 and a 52-week high of $4.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.89 and a quick ratio of 1.17. The firm has a market cap of $118.69, a price-to-earnings ratio of -3.09 and a beta of -0.37.

Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.11). Workhorse Group had a negative return on equity of 310.65% and a negative net margin of 439.21%. The firm had revenue of $3.29 million during the quarter.

Several institutional investors have recently modified their holdings of WKHS. Susquehanna International Group LLP acquired a new stake in shares of Workhorse Group in the 2nd quarter valued at about $122,000. Virtu KCG Holdings LLC acquired a new stake in shares of Workhorse Group in the 2nd quarter valued at about $166,000. Goldman Sachs Group Inc. raised its stake in shares of Workhorse Group by 74.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 77,209 shares of the company’s stock valued at $285,000 after purchasing an additional 33,040 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Workhorse Group by 31,644.7% in the 3rd quarter. Wells Fargo & Company MN now owns 476,171 shares of the company’s stock valued at $1,314,000 after purchasing an additional 474,671 shares in the last quarter. Finally, CWH Capital Management Inc. raised its stake in shares of Workhorse Group by 4.2% in the 2nd quarter. CWH Capital Management Inc. now owns 709,425 shares of the company’s stock valued at $2,618,000 after purchasing an additional 28,425 shares in the last quarter. Institutional investors and hedge funds own 12.61% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/24/workhorse-group-wkhs-pt-set-at-6-00-by-cowen.html.

About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply