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Analysts Offer Insights on Industrial Goods Companies: HireQuest (HQI), Matrix Service Company (MTRX) and Nikola (NKLA)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on HireQuest (HQIResearch Report), Matrix Service Company (MTRXResearch Report) and Nikola (NKLAResearch Report).

HireQuest (HQI)

In a report released today, Michael Baker from D.A. Davidson maintained a Buy rating on HireQuest. The company’s shares closed last Thursday at $12.92, close to its 52-week low of $11.40.

According to TipRanks.com, Baker is a 5-star analyst with an average return of 6.9% and a 61.6% success rate. Baker covers the NA sector, focusing on stocks such as Dick’s Sporting Goods, BuildABear Workshop, and The Lovesac Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HireQuest with a $19.00 average price target.

See the top stocks recommended by analysts >>

Matrix Service Company (MTRX)

In a report released today, Brent Thielman from D.A. Davidson maintained a Buy rating on Matrix Service Company. The company’s shares closed last Thursday at $10.64.

According to TipRanks.com, Thielman is a top 100 analyst with an average return of 22.3% and a 70.4% success rate. Thielman covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Concrete Pumping Holdings, and Babcock & Wilcox Company.

The the analyst consensus on Matrix Service Company is currently a Moderate Buy rating.

Nikola (NKLA)

In a report released today, Michael Shlisky from D.A. Davidson maintained a Hold rating on Nikola, with a price target of $1.00. The company’s shares closed last Thursday at $0.58, close to its 52-week low of $0.52.

According to TipRanks.com, Shlisky is a 1-star analyst with an average return of -1.4% and a 37.7% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Custom Truck One Source, Lion Electric Company, and Standex International.

Nikola has an analyst consensus of Hold, with a price target consensus of $1.25, implying an 113.7% upside from current levels. In a report issued on May 7, BTIG also maintained a Hold rating on the stock.

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