Citigroup initiated coverage on shares of CHURCHILL CAP C/SH (NYSE:CCC) in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage issued a neutral rating and a $17.00 price objective on the industrial products company’s stock.
A number of other equities analysts have also recently commented on CCC. William Blair reaffirmed an outperform rating on shares of NuCana in a report on Thursday, May 16th. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a hold rating in a report on Friday, May 17th.
Shares of CHURCHILL CAP C/SH stock opened at $15.54 on Thursday. The firm has a fifty day simple moving average of $14.83. CHURCHILL CAP C/SH has a 12 month low of $9.50 and a 12 month high of $15.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.61 and a current ratio of 0.61.
CHURCHILL CAP C/SH (NYSE:CCC) last announced its earnings results on Wednesday, May 15th. The industrial products company reported ($36.00) EPS for the quarter. The firm had revenue of $234.03 million for the quarter. As a group, equities research analysts expect that CHURCHILL CAP C/SH will post -0.51 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System acquired a new position in shares of CHURCHILL CAP C/SH in the 4th quarter valued at $300,000. Janus Henderson Group PLC acquired a new position in shares of CHURCHILL CAP C/SH in the 1st quarter valued at $42,093,000. Finally, FMR LLC acquired a new position in CHURCHILL CAP C/SH in the 1st quarter valued at $127,873,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.
About CHURCHILL CAP C/SH
Churchill Capital Corp, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.
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