Coffee Holding Co., Inc. (NASDAQ:JVA) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Coffee an industry rank of 156 out of 256 based on the ratings given to related companies.
Several research firms recently commented on JVA. ValuEngine raised Coffee from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. TheStreet raised Coffee from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. Finally, Maxim Group reissued a “buy” rating and issued a $9.00 price objective on shares of Coffee in a research note on Tuesday, January 29th.
Shares of NASDAQ:JVA traded down $0.07 during midday trading on Tuesday, reaching $4.52. 20,217 shares of the company’s stock traded hands, compared to its average volume of 142,229. Coffee has a 1 year low of $3.53 and a 1 year high of $7.79. The firm has a market capitalization of $25.17 million, a price-to-earnings ratio of 27.82 and a beta of 1.80.
Coffee (NASDAQ:JVA) last announced its earnings results on Wednesday, March 13th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). Coffee had a net margin of 1.02% and a return on equity of 3.60%. The business had revenue of $23.63 million for the quarter.
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley increased its stake in shares of Coffee by 156.9% in the 1st quarter. Morgan Stanley now owns 6,770 shares of the company’s stock worth $36,000 after acquiring an additional 4,135 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Coffee during the 1st quarter worth about $57,000. Northern Trust Corp acquired a new stake in shares of Coffee during the 1st quarter worth about $85,000. Bailard Inc. acquired a new stake in shares of Coffee during the 1st quarter worth about $95,000. Finally, Algert Global LLC increased its position in shares of Coffee by 89.6% during the 1st quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after purchasing an additional 13,237 shares during the last quarter. 23.00% of the stock is owned by institutional investors and hedge funds.
Coffee Company Profile
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
Further Reading: Mutual Funds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coffee Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coffee and related companies with MarketBeat.com's FREE daily email newsletter.