Stifel Nicolaus cut shares of Hennessy Capital Acquisition (NASDAQ:BLBD) from a buy rating to a hold rating in a report issued on Friday, Marketbeat reports. The brokerage currently has $23.00 price target on the stock. The analysts noted that the move was a valuation call.

Other equities analysts also recently issued research reports about the stock. Roth Capital set a $26.00 price objective on shares of Hennessy Capital Acquisition and gave the company a buy rating in a research note on Thursday, February 8th. BidaskClub raised shares of Hennessy Capital Acquisition from a sell rating to a hold rating in a research note on Friday, January 26th. Finally, ValuEngine raised shares of Hennessy Capital Acquisition from a hold rating to a buy rating in a research note on Sunday, December 31st.

Shares of Hennessy Capital Acquisition (NASDAQ:BLBD) opened at $23.40 on Friday. Hennessy Capital Acquisition has a twelve month low of $15.66 and a twelve month high of $23.70. The company has a current ratio of 1.11, a quick ratio of 0.38 and a debt-to-equity ratio of -1.34. The firm has a market cap of $555.13, a P/E ratio of 34.48, a PEG ratio of 0.97 and a beta of 1.60.

Hennessy Capital Acquisition (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Hennessy Capital Acquisition had a negative return on equity of 32.04% and a net margin of 2.90%. research analysts forecast that Hennessy Capital Acquisition will post 1.59 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Algert Global LLC bought a new position in Hennessy Capital Acquisition in the 3rd quarter valued at approximately $252,000. OxFORD Asset Management LLP bought a new position in Hennessy Capital Acquisition in the 3rd quarter valued at approximately $385,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Hennessy Capital Acquisition by 1.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,785,806 shares of the company’s stock valued at $36,788,000 after purchasing an additional 17,936 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hennessy Capital Acquisition by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock valued at $1,105,000 after purchasing an additional 3,747 shares during the last quarter. Finally, Willis Investment Counsel lifted its stake in Hennessy Capital Acquisition by 2.2% in the 3rd quarter. Willis Investment Counsel now owns 123,667 shares of the company’s stock valued at $2,548,000 after purchasing an additional 2,615 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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Hennessy Capital Acquisition Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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