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 released on Thursday morning, 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 brokerages have also recently commented on CCC. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a hold rating in a report on Friday, May 17th. William Blair reaffirmed an outperform rating on shares of NuCana in a report on Thursday, May 16th.

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

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

Several institutional investors have recently made changes to their positions in the company. FMR LLC purchased a new stake in CHURCHILL CAP C/SH in the 1st quarter valued at about $127,873,000. Janus Henderson Group PLC purchased a new stake in CHURCHILL CAP C/SH in the 1st quarter valued at about $42,093,000. Finally, California Public Employees Retirement System purchased a new stake in CHURCHILL CAP C/SH in the 4th quarter valued at about $300,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.

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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