Zacks: New Age Beverages Corp (NBEV) Given $6.50 Average Target Price by Analysts
New Age Beverages Corp (NASDAQ:NBEV) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $6.50 for the company and are predicting 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 192 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on NBEV shares. Zacks Investment Research lowered New Age Beverages from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Aegis reissued a “buy” rating on shares of New Age Beverages in a report on Monday, December 4th. Finally, Maxim Group dropped their target price on New Age Beverages from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, November 17th.
New Age Beverages (NASDAQ NBEV) traded down $0.28 during trading hours on Wednesday, hitting $3.39. The stock had a trading volume of 430,307 shares, compared to its average volume of 1,437,070. The company has a current ratio of 2.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.11. New Age Beverages has a 1-year low of $1.80 and a 1-year high of $7.20.
New Age Beverages (NASDAQ:NBEV) last released its earnings results on Tuesday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). New Age Beverages had a negative net margin of 0.41% and a negative return on equity of 0.58%. equities analysts predict that New Age Beverages will post 0.06 earnings per share for the current year.
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About New Age Beverages
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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