Zacks: Capitol Acquisition Corp. III (CISN) Receives Average Recommendation of “Strong Buy” from Brokerages

Capitol Acquisition Corp. III (NYSE:CISN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $14.50 for the company, according to Zacks. Zacks has also given Capitol Acquisition Corp. III an industry rank of 166 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on CISN shares. Credit Suisse Group boosted their price target on Capitol Acquisition Corp. III from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, September 25th. Deutsche Bank AG started coverage on Capitol Acquisition Corp. III in a report on Monday, July 31st. They set a “buy” rating and a $16.00 price target for the company. Citigroup Inc. started coverage on Capitol Acquisition Corp. III in a report on Friday, July 28th. They set a “buy” rating and a $13.00 price target for the company. Finally, Zacks Investment Research lowered Capitol Acquisition Corp. III from a “buy” rating to a “sell” rating in a report on Friday.

Shares of Capitol Acquisition Corp. III (NYSE CISN) traded down $0.01 on Friday, hitting $11.27. The company had a trading volume of 162,620 shares, compared to its average volume of 174,351. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.82 and a quick ratio of 0.82. Capitol Acquisition Corp. III has a one year low of $9.85 and a one year high of $13.68.

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