Wedbush Lowers Jamba Price Target to $15.00 (JMBA)
Research analysts at Wedbush cut their price objective on shares of Jamba (NASDAQ:JMBA) from $18.00 to $15.00 in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 37.11% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Jamba from $20.00 to $15.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at B. Riley cut their price target on shares of Jamba from $19.75 to $16.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Dougherty & Co downgraded shares of Jamba from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.10.
Jamba (NASDAQ:JMBA) traded down 18.78% during mid-day trading on Tuesday, hitting $10.94. 2,770,294 shares of the company’s stock traded hands. Jamba has a 52 week low of $9.05 and a 52 week high of $17.50. The stock has a 50-day moving average of $13.20 and a 200-day moving average of $14.36. The company has a market cap of $186.6 million and a price-to-earnings ratio of 748.33.
Jamba (NASDAQ:JMBA) last released its earnings data on Monday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $70.41 million. During the same quarter last year, the company posted $0.05 earnings per share. Jamba’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Jamba will post $0.36 earnings per share for the current fiscal year.
Operates as a retailer of juices, smoothies and health foods. The Company, through its subsidiary, Jamba Juice Company, offers healthy blended beverages, juices and healthy snacks.
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