Jamba Upgraded by Dougherty & Co to Buy (JMBA)
Jamba (NASDAQ:JMBA) was upgraded by equities researchers at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Jamba (NASDAQ:JMBA) opened at 11.58 on Wednesday. Jamba has a one year low of $10.37 and a one year high of $17.50. The stock’s 50-day moving average is $11.80 and its 200-day moving average is $12.9. The company’s market cap is $198.3 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 previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Jamba will post $0.06 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on JMBA. Analysts at Wedbush downgraded shares of Jamba from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 3rd. They now have a $13.00 price target on the stock, down previously from $15.00. Separately, 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 Zacks downgraded shares of Jamba from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, November 6th. They now have a $10.60 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Jamba presently has a consensus rating of “Hold” and a consensus target price of $13.31.
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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