Equities research analysts at Cowen and Company started coverage on shares of Workhorse Group, Inc. (NASDAQ:WKHS) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $5.25 price target on the stock. Cowen and Company’s price objective would suggest a potential upside of 77.97% from the stock’s previous close.

Separately, Maxim Group set a $5.00 target price on Workhorse Group and gave the company a “buy” rating in a research report on Wednesday, August 9th.

Shares of Workhorse Group (WKHS) traded up 4.98% during mid-day trading on Thursday, reaching $2.95. The company’s stock had a trading volume of 242,133 shares. The stock’s market capitalization is $110.11 million. The company’s 50-day moving average price is $2.89 and its 200-day moving average price is $2.94. Workhorse Group has a 12-month low of $1.85 and a 12-month high of $10.30.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.03. Workhorse Group had a negative return on equity of 290.34% and a negative net margin of 419.92%. The firm had revenue of $0.27 million during the quarter. On average, equities research analysts forecast that Workhorse Group will post ($0.93) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/18/workhorse-group-inc-wkhs-now-covered-by-analysts-at-cowen-and-company.html.

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP bought a new position in Workhorse Group during the second quarter valued at $122,000. CWH Capital Management Inc. increased its position in Workhorse Group by 4.2% in the second quarter. CWH Capital Management Inc. now owns 709,425 shares of the company’s stock valued at $2,618,000 after buying an additional 28,425 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Workhorse Group by 74.8% in the second quarter. Goldman Sachs Group Inc. now owns 77,209 shares of the company’s stock valued at $285,000 after buying an additional 33,040 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in Workhorse Group during the second quarter valued at $166,000. Finally, Glenview Trust Co increased its position in Workhorse Group by 28.6% in the second quarter. Glenview Trust Co now owns 37,500 shares of the company’s stock valued at $138,000 after buying an additional 8,333 shares in the last quarter. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

Workhorse Group Company Profile

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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