CHURCHILL CAP C/SH (NYSE:CCC) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of CHURCHILL CAP C/SH (NYSE:CCC) from a buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Clarivate Analytics PLC operates as an information services and analytics company. It offers scientific, patient and academic research, as well as intelligence, domain and brand protection and intellectual property management solutions. Clarivate Analytics PLC, formerly known as Churchill Capital Corp, is based in Jersey, Channel Islands. “

A number of other brokerages have also recently weighed in on CCC. ValuEngine cut CHURCHILL CAP C/SH from a buy rating to a hold rating in a report on Wednesday, October 2nd. Goldman Sachs Group initiated coverage on CHURCHILL CAP C/SH in a report on Wednesday, December 11th. They issued a neutral rating and a $18.00 target price on the stock. Stifel Nicolaus initiated coverage on CHURCHILL CAP C/SH in a report on Monday, November 11th. They issued a hold rating and a $18.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on CHURCHILL CAP C/SH in a report on Wednesday, December 11th. They issued an outperform rating and a $21.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CHURCHILL CAP C/SH currently has an average rating of Hold and an average target price of $18.83.

Shares of NYSE CCC traded down $0.02 during trading hours on Tuesday, reaching $17.58. The stock had a trading volume of 13,856 shares, compared to its average volume of 1,535,863. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. CHURCHILL CAP C/SH has a fifty-two week low of $9.91 and a fifty-two week high of $18.45. The firm has a 50-day moving average of $17.24 and a 200-day moving average of $16.73.

CHURCHILL CAP C/SH (NYSE:CCC) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $243.10 million for the quarter, compared to analysts’ expectations of $242.35 million. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts forecast that CHURCHILL CAP C/SH will post 0.27 earnings per share for the current year.

About CHURCHILL CAP C/SH

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.

Further Reading: Equal Weight Rating

Get a free copy of the Zacks research report on CHURCHILL CAP C/SH (CCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for CHURCHILL CAP C/SH (NYSE:CCC)

Receive News & Ratings for CHURCHILL CAP C/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CHURCHILL CAP C/SH and related companies with MarketBeat.com's FREE daily email newsletter.