Zacks: Pivotal Acquisition Corp (NYSE:PVT) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Pivotal Acquisition Corp (NYSE:PVT) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $14.00 for the company and are expecting that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pivotal Acquisition an industry rank of 210 out of 255 based on the ratings given to its competitors.

Separately, Northland Securities assumed coverage on shares of Pivotal Acquisition in a research note on Friday, September 6th. They issued an “outperform” rating and a $14.00 price objective on the stock.

Shares of NYSE:PVT traded up $0.05 during trading on Friday, hitting $10.20. The company’s stock had a trading volume of 400 shares, compared to its average volume of 185,843. Pivotal Acquisition has a 12 month low of $9.75 and a 12 month high of $10.40.

Pivotal Acquisition (NYSE:PVT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter. As a group, analysts expect that Pivotal Acquisition will post -0.76 EPS for the current fiscal year.

About Pivotal Acquisition

Pivotal Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded in 2018 and is based in New York, New York.

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