In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Coffee Holding Co (NASDAQ: JVA), with a price target of $9. The company’s shares closed on Friday at $4.10.
Anderson noted:
“We maintain our Buy rating on Coffee Holding Company (JVA) and raise our price target to $9, from $8, following the announcement that the company would acquire Steep & Brew, a Midwest U.S. regional coffee roaster and distributor.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.9% and a 71.3% 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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The company has a one-year high of $4.99 and a one-year low of $3.65. Currently, Coffee Holding Co has an average volume of 9,863.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JVA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Coffee Holding Co., Inc. is wholesale coffee roaster and dealer in the U.S. Its products are divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee. The Wholesale Green Coffee consists of unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators.
