Hennessy Capital Acquisition Corp (NASDAQ:BLBD) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Hennessy Capital Acquisition’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $24.67 for the company and are expecting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Hennessy Capital Acquisition an industry rank of 118 out of 265 based on the ratings given to its competitors.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Roth Capital set a $26.00 target price on Hennessy Capital Acquisition and gave the stock a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus lowered Hennessy Capital Acquisition from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Friday, February 9th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Hennessy Capital Acquisition (NASDAQ:BLBD) last announced its earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). The business had revenue of $162.55 million during the quarter, compared to the consensus estimate of $147.65 million. Hennessy Capital Acquisition had a negative return on equity of 32.04% and a net margin of 2.90%. equities analysts predict that Hennessy Capital Acquisition will post 1.59 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. K2 Principal Fund L.P. bought a new position in Hennessy Capital Acquisition in the 3rd quarter worth about $215,000. New York State Common Retirement Fund increased its position in shares of Hennessy Capital Acquisition by 128.2% during the 2nd quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock valued at $179,000 after purchasing an additional 5,899 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Hennessy Capital Acquisition during the 2nd quarter valued at about $192,000. Citadel Advisors LLC bought a new position in shares of Hennessy Capital Acquisition during the 3rd quarter valued at about $233,000. Finally, Algert Global LLC bought a new position in shares of Hennessy Capital Acquisition during the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
About Hennessy Capital Acquisition
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.
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