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.
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.
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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.
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