Stifel Nicolaus Downgrades Hennessy Capital Acquisition (BLBD) to Hold

Stifel Nicolaus downgraded shares of Hennessy Capital Acquisition (NASDAQ:BLBD) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm currently has $23.00 target price on the stock. The analysts noted that the move was a valuation call.

BLBD has been the topic of a number of other research reports. BidaskClub upgraded shares of Hennessy Capital Acquisition from a sell rating to a hold rating in a research report on Friday, January 26th. ValuEngine upgraded shares of Hennessy Capital Acquisition from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, Roth Capital set a $26.00 target price on shares of Hennessy Capital Acquisition and gave the stock a buy rating in a research report on Thursday, February 8th.

Hennessy Capital Acquisition (BLBD) opened at $23.40 on Friday. Hennessy Capital Acquisition has a 52-week low of $15.66 and a 52-week high of $23.70. The stock has a market cap of $555.13, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 0.97 and a beta of 1.60. The company has a current ratio of 1.11, a quick ratio of 0.38 and a debt-to-equity ratio of -1.34.

Hennessy Capital Acquisition (NASDAQ:BLBD) last announced its earnings results on Wednesday, December 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Hennessy Capital Acquisition had a negative return on equity of 32.04% and a net margin of 2.90%. sell-side analysts expect 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. New York State Common Retirement Fund lifted its holdings in shares of Hennessy Capital Acquisition by 128.2% during the 2nd quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock worth $179,000 after acquiring an additional 5,899 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hennessy Capital Acquisition during the 2nd quarter worth approximately $192,000. K2 Principal Fund L.P. bought a new stake in shares of Hennessy Capital Acquisition during the 3rd quarter worth approximately $215,000. California State Teachers Retirement System lifted its holdings in shares of Hennessy Capital Acquisition by 18.4% during the 2nd quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after acquiring an additional 2,000 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Hennessy Capital Acquisition by 76.5% during the 2nd quarter. Teachers Advisors LLC now owns 12,958 shares of the company’s stock worth $220,000 after acquiring an additional 5,616 shares during the period. 95.27% of the stock is owned by institutional investors.

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Hennessy Capital Acquisition Company Profile

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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