In a report released today, Colin Rusch from Oppenheimer assigned a Hold rating to Workhorse Group (WKHS). The company’s shares closed last Monday at $8.20, close to its 52-week low of $2.27.
According to TipRanks.com, Rusch is a top 25 analyst with an average return of 61.9% and a 62.7% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as SolarEdge Technologies, Westport Fuel Systems, and Canadian Solar.
Currently, the analyst consensus on Workhorse Group is a Moderate Buy with an average price target of $15.70, representing a 72.5% upside. In a report released today, Roth Capital also maintained a Hold rating on the stock with a $8.50 price target.
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The company has a one-year high of $42.96 and a one-year low of $2.27. Currently, Workhorse Group has an average volume of 17.37M.
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Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
