Jamba Stock Rating Lowered by Wedbush (JMBA)
Jamba (NASDAQ:JMBA) was downgraded by equities research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $13.00 target price on the stock, down from their previous target price of $15.00. Wedbush’s price objective points to a potential upside of 5.35% from the stock’s previous close.
A number of other firms have also recently commented on JMBA. Analysts at Zacks upgraded shares of Jamba from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $12.40 price target on the stock. Finally, analysts at Roth Capital cut their price target on shares of Jamba from $13.50 to $12.25 in a research note to investors on Tuesday, November 5th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.31.
Jamba (NASDAQ:JMBA) opened at 12.34 on Friday. Jamba has a 1-year low of $10.37 and a 1-year high of $17.50. The stock has a 50-day moving average of $11.73 and a 200-day moving average of $13.03. The company’s market cap is $211.3 million.
Jamba (NASDAQ:JMBA) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.05. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $61.95 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis.
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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