CHURCHILL CAP C/SH (NYSE:CCC) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of CHURCHILL CAP C/SH (NYSE:CCC) in a report issued on Thursday, Benzinga reports. The firm issued a neutral rating and a $17.00 price objective on the industrial products company’s stock.

A number of other research analysts have also issued reports on the stock. William Blair restated an outperform rating on shares of NuCana in a research note on Thursday, May 16th. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a hold rating in a research note on Friday, May 17th.

Shares of CHURCHILL CAP C/SH stock opened at $15.54 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 2.02. CHURCHILL CAP C/SH has a 12-month low of $9.50 and a 12-month high of $15.72. The company’s 50 day moving average is $14.83.

CHURCHILL CAP C/SH (NYSE:CCC) last issued its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($36.00) earnings per share (EPS) for the quarter. The business had revenue of $234.03 million for the quarter. Research analysts forecast that CHURCHILL CAP C/SH will post -0.51 EPS for the current year.

Institutional investors have recently modified their holdings of the business. FMR LLC bought a new position in shares of CHURCHILL CAP C/SH in the first quarter worth $127,873,000. Janus Henderson Group PLC bought a new position in shares of CHURCHILL CAP C/SH in the first quarter worth $42,093,000. Finally, California Public Employees Retirement System bought a new position in shares of CHURCHILL CAP C/SH in the fourth quarter worth $300,000. Institutional investors and hedge funds own 79.66% of the company’s stock.

CHURCHILL CAP C/SH Company Profile

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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