New Age Beverages Corp (NBEV) Given Consensus Recommendation of “Buy” by Brokerages

New Age Beverages Corp (NASDAQ:NBEV) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.75.

A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of New Age Beverages from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of New Age Beverages from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th.

How to Become a New Pot Stock Millionaire

Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp acquired a new stake in shares of New Age Beverages in the second quarter valued at about $151,000. Deutsche Bank AG acquired a new stake in New Age Beverages during the fourth quarter worth about $227,000. Renaissance Technologies LLC acquired a new stake in New Age Beverages during the fourth quarter worth about $227,000. Cadence Capital Management LLC increased its position in New Age Beverages by 63.4% during the fourth quarter. Cadence Capital Management LLC now owns 470,210 shares of the company’s stock worth $1,020,000 after purchasing an additional 182,529 shares during the last quarter. Finally, Pacific Grove Capital LP increased its position in New Age Beverages by 33.5% during the third quarter. Pacific Grove Capital LP now owns 941,021 shares of the company’s stock worth $3,209,000 after purchasing an additional 236,281 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

Shares of NASDAQ NBEV opened at $2.12 on Friday. The stock has a market capitalization of $81.25, a PE ratio of -21.20 and a beta of 4.85. The company has a quick ratio of 1.26, a current ratio of 2.21 and a debt-to-equity ratio of 0.11. New Age Beverages has a 52 week low of $1.80 and a 52 week high of $7.20.

ILLEGAL ACTIVITY WARNING: This report was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/3337075/new-age-beverages-corp-nbev-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Receive News & Ratings for New Age Beverages Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Age Beverages and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Tao  Achieves Market Cap of $14.81 Million
Tao Achieves Market Cap of $14.81 Million
Ellie Mae  Raised to “Hold” at Zelman & Associates
Ellie Mae Raised to “Hold” at Zelman & Associates
Monro Muffler Brake  Now Covered by Analysts at Guggenheim
Monro Muffler Brake Now Covered by Analysts at Guggenheim
Netflix’s  “Hold” Rating Reiterated at Jefferies Group
Netflix’s “Hold” Rating Reiterated at Jefferies Group
Las Vegas Sands  Expected to Post Earnings of $0.86 Per Share
Las Vegas Sands Expected to Post Earnings of $0.86 Per Share
Regeneron  PT Lowered to $420.00 at Credit Suisse Group
Regeneron PT Lowered to $420.00 at Credit Suisse Group


Leave a Reply

© 2006-2018 Ticker Report. Google+.