Workhorse Group Inc (NASDAQ:WKHS) – Equities research analysts at Colliers Secur. increased their FY2020 earnings per share estimates for shares of Workhorse Group in a research note issued on Thursday, June 25th. Colliers Secur. analyst M. Shlisky now forecasts that the company will post earnings of ($0.38) per share for the year, up from their previous forecast of ($0.39).

A number of other brokerages have also recently commented on WKHS. Roth Capital upped their target price on shares of Workhorse Group from $4.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Zacks Investment Research upgraded shares of Workhorse Group from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Saturday, May 30th. Dougherty & Co started coverage on shares of Workhorse Group in a research report on Thursday, May 28th. They issued a “buy” rating and a $4.50 price target for the company. BTIG Research upped their price target on shares of Workhorse Group from $6.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Finally, BidaskClub upgraded shares of Workhorse Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Workhorse Group currently has a consensus rating of “Buy” and an average price target of $8.20.

Shares of WKHS stock opened at $14.51 on Monday. Workhorse Group has a 12 month low of $1.32 and a 12 month high of $15.41. The stock has a market cap of $699.23 million, a P/E ratio of -20.73 and a beta of 2.16. The company has a 50 day simple moving average of $3.92 and a two-hundred day simple moving average of $3.07.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Wednesday, May 6th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.19. The business had revenue of $0.08 million for the quarter.

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Workhorse Group by 293.5% during the first quarter. State Street Corp now owns 682,353 shares of the company’s stock worth $1,235,000 after acquiring an additional 508,935 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Workhorse Group during the first quarter worth $147,000. Squarepoint Ops LLC bought a new position in shares of Workhorse Group during the first quarter worth $185,000. Arosa Capital Management LP boosted its position in shares of Workhorse Group by 3.9% during the first quarter. Arosa Capital Management LP now owns 2,025,377 shares of the company’s stock worth $3,666,000 after acquiring an additional 75,309 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Workhorse Group during the first quarter worth $283,000. Hedge funds and other institutional investors own 22.39% of the company’s stock.

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.

Featured Story: What is Compound Interest?

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.