Zacks: New Age Beverages Corp (NBEV) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of New Age Beverages Corp (NASDAQ:NBEV) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $7.83 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned New Age Beverages an industry rank of 190 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on the company. Zacks Investment Research upgraded New Age Beverages from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group lowered their target price on New Age Beverages from $7.50 to $6.00 and set a “buy” rating for the company in a report on Friday, November 17th. Finally, TheStreet lowered New Age Beverages from a “c” rating to a “d+” rating in a report on Monday, August 7th.
Shares of New Age Beverages (NASDAQ:NBEV) traded up $0.05 during midday trading on Tuesday, reaching $2.20. The company’s stock had a trading volume of 196,000 shares, compared to its average volume of 271,713. New Age Beverages has a 12-month low of $1.80 and a 12-month high of $7.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 2.21.
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New Age Beverages Company Profile
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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