Roth Capital Reiterates $26.00 Price Target for Hennessy Capital Acquisition (BLBD)

Roth Capital set a $26.00 target price on Hennessy Capital Acquisition (NASDAQ:BLBD) in a research report sent to investors on Thursday. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. BidaskClub raised Hennessy Capital Acquisition from a hold rating to a buy rating in a research note on Wednesday. ValuEngine raised Hennessy Capital Acquisition from a hold rating to a buy rating in a research note on Sunday, December 31st.

Shares of Hennessy Capital Acquisition (NASDAQ BLBD) opened at $23.10 on Thursday. Hennessy Capital Acquisition has a 52 week low of $15.66 and a 52 week high of $23.25. The company has a quick ratio of 0.61, a current ratio of 1.11 and a debt-to-equity ratio of -1.34. The stock has a market capitalization of $555.14, a P/E ratio of 20.44, a P/E/G ratio of 0.97 and a beta of 1.60.

Hennessy Capital Acquisition (NASDAQ:BLBD) last posted its earnings results on Wednesday, December 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Hennessy Capital Acquisition had a net margin of 2.90% and a negative return on equity of 32.04%. equities analysts forecast that Hennessy Capital Acquisition will post 1.59 earnings per share for the current year.

Several institutional investors have recently modified their holdings of BLBD. Tocqueville Asset Management L.P. purchased a new position in shares of Hennessy Capital Acquisition during the 3rd quarter worth $7,816,000. Vanguard Group Inc. lifted its stake in shares of Hennessy Capital Acquisition by 13.1% during the 2nd quarter. Vanguard Group Inc. now owns 347,565 shares of the company’s stock worth $5,908,000 after purchasing an additional 40,158 shares during the period. Emerald Advisers Inc. PA purchased a new position in shares of Hennessy Capital Acquisition during the 3rd quarter worth $703,000. Wells Fargo & Company MN lifted its stake in shares of Hennessy Capital Acquisition by 94.7% during the 2nd quarter. Wells Fargo & Company MN now owns 66,254 shares of the company’s stock worth $1,126,000 after purchasing an additional 32,228 shares during the period. Finally, Olstein Capital Management L.P. lifted its stake in shares of Hennessy Capital Acquisition by 28.9% during the 3rd quarter. Olstein Capital Management L.P. now owns 100,010 shares of the company’s stock worth $2,060,000 after purchasing an additional 22,442 shares during the period. 95.21% of the stock is currently 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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