CHURCHILL CAP C/SH (NYSE:CCC) Research Coverage Started at Citigroup

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

CCC has been the subject of several other research reports. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the stock a hold rating in a research note on Friday, May 17th. William Blair reaffirmed an outperform rating on shares of NuCana in a research note on Thursday, May 16th.

Shares of CCC stock 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. The stock’s 50-day moving average is $14.83. CHURCHILL CAP C/SH has a 1-year low of $9.50 and a 1-year high of $15.72.

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

Hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System purchased a new position in CHURCHILL CAP C/SH during the fourth quarter worth about $300,000. Janus Henderson Group PLC purchased a new position in CHURCHILL CAP C/SH during the first quarter worth about $42,093,000. Finally, FMR LLC purchased a new position in CHURCHILL CAP C/SH during the first quarter worth about $127,873,000. 79.66% of the stock is owned by institutional investors.

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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