Shares of Hennessy Capital Acquisition Corp (NASDAQ:BLBD) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment 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’ ratings changes.
Analysts have set a 1 year 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 assigned Hennessy Capital Acquisition an industry rank of 113 out of 265 based on the ratings given to its competitors.
A number of brokerages have commented on BLBD. BidaskClub upgraded shares of Hennessy Capital Acquisition from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Stifel Nicolaus cut shares of Hennessy Capital Acquisition from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research note on Friday, February 9th. They noted that the move was a valuation call. Finally, Roth Capital set a $26.00 price target on shares of Hennessy Capital Acquisition and gave the stock a “buy” rating in a research note on Thursday, February 8th.
Hennessy Capital Acquisition (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). The business had revenue of $162.55 million for 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 expect that Hennessy Capital Acquisition will post 1.59 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of BLBD. New York State Common Retirement Fund increased its holdings in shares of Hennessy Capital Acquisition by 128.2% during the second quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock worth $179,000 after buying an additional 5,899 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Hennessy Capital Acquisition during the third quarter worth approximately $215,000. California State Teachers Retirement System increased its holdings in shares of Hennessy Capital Acquisition by 18.4% during the second quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after buying an additional 2,000 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Hennessy Capital Acquisition by 76.5% during the second quarter. Teachers Advisors LLC now owns 12,958 shares of the company’s stock worth $220,000 after buying an additional 5,616 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Hennessy Capital Acquisition during the third quarter worth approximately $233,000. 96.25% of the stock is owned by institutional investors.
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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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