Zacks: Workhorse Group Inc (WKHS) Given $3.25 Average Target Price by Brokerages

Workhorse Group Inc (NASDAQ:WKHS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $3.25 for the company, according to Zacks. Zacks has also assigned Workhorse Group an industry rank of 142 out of 255 based on the ratings given to related companies.

Separately, ValuEngine upgraded shares of Workhorse Group from a “hold” rating to a “buy” rating in a research note on Friday, December 21st.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Workhorse Group by 42.9% during the fourth quarter. BlackRock Inc. now owns 133,715 shares of the company’s stock valued at $71,000 after purchasing an additional 40,139 shares in the last quarter. First Manhattan Co. raised its stake in shares of Workhorse Group by 66.0% during the fourth quarter. First Manhattan Co. now owns 975,800 shares of the company’s stock valued at $515,000 after purchasing an additional 387,800 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Workhorse Group by 8.4% during the third quarter. Vanguard Group Inc now owns 1,180,358 shares of the company’s stock valued at $1,263,000 after purchasing an additional 91,823 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Workhorse Group by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,180,358 shares of the company’s stock valued at $1,263,000 after purchasing an additional 91,823 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Workhorse Group during the third quarter valued at about $115,000. Institutional investors and hedge funds own 9.47% of the company’s stock.

Shares of NASDAQ WKHS opened at $0.97 on Wednesday. Workhorse Group has a fifty-two week low of $0.37 and a fifty-two week high of $3.31. The stock has a market cap of $55.37 million, a P/E ratio of -0.89 and a beta of 1.39.

Workhorse Group Company Profile

Workhorse Group Inc designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

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