Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Greif Inc (JVA) and Coffee Holding Co (JVA)


Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Greif Inc (NYSE: GEF) and Coffee Holding Co (NASDAQ: JVA).

Greif Inc (NYSE: GEF)

In a report released today, Adam Josephson from KeyBanc maintained a Sell rating on Greif Inc (NYSE: GEF), with a price target of $50. The company’s shares opened today at $57.30.

Josephson wrote:

“We continue to believe there’s downside to FY19 estimates given continued pressure on GEF’s core rigid packaging business and the likely unsustainability of current exceptionally favorable containerboard industry conditions. We are maintaining our recently-increased FY18 Class A adj. EPS estimate of $3.60 (in line with guidance of $3.45-$3.70) and our FY19 estimate of $3.36 (well below consensus of $3.87). We just increased our estimates to reflect continued plummeting OCC (old corrugated container) costs as well as the recent $50/ton containerboard price increase, and GEF’s revised guidance was almost exactly in line with estimate.”

According to TipRanks.com, Josephson is a 3-star analyst with an average return of 5.6% and a 53.6% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.

Greif Inc has an analyst consensus of Hold, with a price target consensus of $58.33.

See today’s analyst top recommended stocks >>

Coffee Holding Co (NASDAQ: JVA)

Maxim Group analyst Stephen Anderson maintained a Buy rating on Coffee Holding Co (NASDAQ: JVA) today and set a price target of $9. The company’s shares opened today at $4.99.

Anderson observed:

“We maintain our Buy rating and $9 price target on Coffee Holding Company (JVA) following the release of F2Q18 (April) results earlier today. JVA posted an all-around beat for the quarter with EPS of $0.09 (vs. $0.05 Maxim), along with better-than-expected sales and margins. With the expenses related to JVA’s acquisition of Comfort Foods behind it, as well as given the turnkey nature of the Steep & Brew acquisition, we see management’s focus shifting from integration to incremental, higher-margin top-line growth.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.5% and a 72.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

Coffee Holding Co has an analyst consensus of Moderate Buy, with a price target consensus of $9.

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