Stock Buzzer: Will Hennessy Capital Acquisition Corp Go Down Anytime Soon?

Stock Buzzer: Will Hennessy Capital Acquisition Corp Go Down Anytime Soon?

The stock of Hennessy Capital Acquisition Corp (NASDAQ:BLBD) is a huge mover today! The stock increased 3.16% or $0.5 during the last trading session, hitting $16.3. About 138,580 shares traded hands or 205.46% up from the average. Hennessy Capital Acquisition Corp (NASDAQ:BLBD) has risen 45.22% since April 20, 2016 and is uptrending. It has outperformed by 40.66% the S&P500.
The move comes after 9 months positive chart setup for the $352.88 million company. It was reported on Nov, 22 by Barchart.com. We have $17.12 PT which if reached, will make NASDAQ:BLBD worth $17.64 million more.

Analysts await Hennessy Capital Acquisition Corp (NASDAQ:BLBD) to report earnings on December, 20. They expect $0.43 earnings per share, down 33.85% or $0.22 from last year’s $0.65 per share. BLBD’s profit will be $9.31M for 9.48 P/E if the $0.43 EPS becomes a reality. After $0.42 actual earnings per share reported by Hennessy Capital Acquisition Corp for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Hennessy Capital Acquisition Corp (NASDAQ:BLBD) Ratings Coverage

Out of 2 analysts covering Blue Bird Corporation (NASDAQ:BLBD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Blue Bird Corporation has been the topic of 4 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Craig Hallum initiated it with “Buy” rating and $14 target price in Monday, March 7 report. The firm earned “Outperform” rating on Wednesday, September 16 by BMO Capital Markets. The firm has “Buy” rating by Craig Hallum given on Friday, August 5.

According to Zacks Investment Research, “Blue Bird Corp. is engaged in the designing, engineering, manufacturing and sale of school buses and related parts. It also offers alternative fuel applications with its propane-powered and compressed natural gas-powered school buses. Blue Bird Corp. is headquartered in Cambridge, Massachusetts.”

More notable recent Hennessy Capital Acquisition Corp (NASDAQ:BLBD) news were published by: Globenewswire.com which released: “Hennessy Capital Acquisition Corp. II Announces Termination of Merger …” on October 04, 2016, also Globenewswire.com with their article: “Hennessy Capital Acquisition Corp. II Announces Agreement in Principle with …” published on June 28, 2016, Reuters.com published: “BRIEF-Hennessy Capital Acquisition Corp II postpones special meeting of st…” on July 21, 2016. More interesting news about Hennessy Capital Acquisition Corp (NASDAQ:BLBD) were released by: Globenewswire.com and their article: “Hennessy Capital Acquisition Corp. II and USI Announce Merger Agreement” published on April 04, 2016 as well as Globenewswire.com‘s news article titled: “Hennessy Capital Acquisition Corp. II Announces Postponement of Special …” with publication date: July 21, 2016.

BLBD Company Profile

Blue Bird Corporation, formerly Hennessy Capital Acquisition Corp., incorporated on September 24, 2013, is an independent designer and maker of school buses. The Firm manages its business in two divisions: the Bus segment, which involves the design, engineering, manufacture and sales of school buses and extended warranties, and the Parts segment, which includes the sales of replacement bus parts.

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