In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on Workhorse Group (WKHS – Research Report), with a price target of $11.00. The company’s shares closed last Friday at $2.82, close to its 52-week low of $2.11.
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According to TipRanks.com, Lewis has 0 stars on 0-5 stars ranking scale with an average return of -8.0% and a 38.7% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Chart Industries, and SFL Corporation.
Currently, the analyst consensus on Workhorse Group is a Moderate Buy with an average price target of $6.67, a 153.6% upside from current levels. In a report issued on May 11, R.F. Lafferty also maintained a Buy rating on the stock with a $6.00 price target.
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Workhorse Group’s market cap is currently $386.8M and has a P/E ratio of -0.84.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WKHS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
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