Shares of Workhorse Group Inc (NASDAQ:WKHS) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $3.25 for the company, according to Zacks. Zacks has also assigned Workhorse Group an industry rank of 142 out of 255 based on the ratings given to related companies.

Separately, ValuEngine raised shares of Workhorse Group from a “hold” rating to a “buy” rating in a report on Friday, December 21st.

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Workhorse Group in the 3rd quarter worth approximately $115,000. First Manhattan Co. raised its holdings in shares of Workhorse Group by 89.1% in the 3rd quarter. First Manhattan Co. now owns 588,000 shares of the company’s stock worth $629,000 after purchasing an additional 277,000 shares during the period. Bank of America Corp DE raised its holdings in shares of Workhorse Group by 1,165.6% in the 2nd quarter. Bank of America Corp DE now owns 56,357 shares of the company’s stock worth $103,000 after purchasing an additional 51,904 shares during the period. BlackRock Inc. raised its holdings in shares of Workhorse Group by 42.9% in the 4th quarter. BlackRock Inc. now owns 133,715 shares of the company’s stock worth $71,000 after purchasing an additional 40,139 shares during the period. Finally, Vanguard Group Inc raised its holdings in shares of Workhorse Group by 8.4% in the 3rd quarter. Vanguard Group Inc now owns 1,180,358 shares of the company’s stock worth $1,263,000 after purchasing an additional 91,823 shares during the period. 9.47% of the stock is currently owned by institutional investors.

NASDAQ:WKHS opened at $0.97 on Wednesday. The company has a market capitalization of $55.37 million, a P/E ratio of -0.89 and a beta of 1.39. Workhorse Group has a 12 month low of $0.37 and a 12 month high of $3.31.

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.

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