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DOW   26,652.16 (-2.95%)
QQQ   273.62 (-3.20%)
AAPL   112.79 (-3.27%)
MSFT   204.93 (-3.90%)
FB   270.27 (-4.60%)
GOOGL   1,523.32 (-4.73%)
AMZN   3,183.39 (-3.13%)
TSLA   410.52 (-3.33%)
NVDA   514.19 (-4.05%)
BABA   307.76 (-2.96%)
CGC   18.66 (+0.00%)
GE   7.72 (+8.73%)
MU   50.13 (-3.52%)
AMD   76.53 (-2.98%)
T   26.59 (-1.23%)
F   7.70 (-2.78%)
ACB   3.91 (-2.25%)
GILD   58.62 (-2.32%)
NFLX   486.70 (-0.46%)
NIO   27.27 (-4.11%)
BA   150.04 (-3.35%)
DIS   119.58 (-3.02%)
S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.62 (-3.20%)
AAPL   112.79 (-3.27%)
MSFT   204.93 (-3.90%)
FB   270.27 (-4.60%)
GOOGL   1,523.32 (-4.73%)
AMZN   3,183.39 (-3.13%)
TSLA   410.52 (-3.33%)
NVDA   514.19 (-4.05%)
BABA   307.76 (-2.96%)
CGC   18.66 (+0.00%)
GE   7.72 (+8.73%)
MU   50.13 (-3.52%)
AMD   76.53 (-2.98%)
T   26.59 (-1.23%)
F   7.70 (-2.78%)
ACB   3.91 (-2.25%)
GILD   58.62 (-2.32%)
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DIS   119.58 (-3.02%)
S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.62 (-3.20%)
AAPL   112.79 (-3.27%)
MSFT   204.93 (-3.90%)
FB   270.27 (-4.60%)
GOOGL   1,523.32 (-4.73%)
AMZN   3,183.39 (-3.13%)
TSLA   410.52 (-3.33%)
NVDA   514.19 (-4.05%)
BABA   307.76 (-2.96%)
CGC   18.66 (+0.00%)
GE   7.72 (+8.73%)
MU   50.13 (-3.52%)
AMD   76.53 (-2.98%)
T   26.59 (-1.23%)
F   7.70 (-2.78%)
ACB   3.91 (-2.25%)
GILD   58.62 (-2.32%)
NFLX   486.70 (-0.46%)
NIO   27.27 (-4.11%)
BA   150.04 (-3.35%)
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Workhorse Group Inc (NASDAQ:WKHS) Given Average Rating of "Hold" by Brokerages

Last updated on Sunday, October 25, 2020 | 2020 MarketBeat

Workhorse Group Inc (NASDAQ:WKHS) has been given a consensus recommendation of "Hold" by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.17.

WKHS has been the topic of a number of recent analyst reports. Colliers Secur. cut shares of Workhorse Group from a "buy" rating to a "neutral" rating and set a $11.00 price objective on the stock. in a research note on Thursday, July 9th. Oppenheimer initiated coverage on shares of Workhorse Group in a research report on Wednesday, September 2nd. They issued an "outperform" rating and a $23.00 price target on the stock. Zacks Investment Research cut shares of Workhorse Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 13th. BidaskClub cut shares of Workhorse Group from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Roth Capital cut shares of Workhorse Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $33.00 to $27.00 in a research report on Tuesday, October 13th.

In other Workhorse Group news, Director Harry Demott sold 50,000 shares of Workhorse Group stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $26.14, for a total transaction of $1,307,000.00. Following the transaction, the director now owns 58,499 shares of the company's stock, valued at approximately $1,529,163.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raymond Joseph Chess sold 4,000 shares of Workhorse Group stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $15.32, for a total value of $61,280.00. Following the transaction, the director now directly owns 153,243 shares in the company, valued at approximately $2,347,682.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,869 shares of company stock worth $6,336,206. Company insiders own 5.90% of the company's stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Central Bank & Trust Co. bought a new stake in shares of Workhorse Group in the 3rd quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new stake in shares of Workhorse Group in the 3rd quarter valued at approximately $30,000. Citigroup Inc. grew its stake in shares of Workhorse Group by 298.7% in the 1st quarter. Citigroup Inc. now owns 19,288 shares of the company's stock valued at $35,000 after buying an additional 14,450 shares in the last quarter. US Bancorp DE bought a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $35,000. Finally, Captrust Financial Advisors bought a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $40,000. 21.43% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ WKHS opened at $20.34 on Friday. Workhorse Group has a fifty-two week low of $1.32 and a fifty-two week high of $30.99. The firm's 50-day simple moving average is $24.17 and its 200 day simple moving average is $12.90. The stock has a market cap of $2.14 billion, a P/E ratio of -10.99, a P/E/G ratio of 9.07 and a beta of 2.80.

Workhorse Group (NASDAQ:WKHS) last issued its quarterly earnings data on Monday, August 10th. The company reported ($1.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.64). The company had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.30 million. Analysts expect that Workhorse Group will post 0.07 EPS for the current year.

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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Analyst Recommendations for Workhorse Group (NASDAQ:WKHS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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