Susquehanna analyst Pablo Zuanic reiterated a Buy rating on National Beverage (FIZZ) today and set a price target of $118. The company’s shares opened today at $91, close to its 52-week low of $83.78.
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 5.9% and a 50.7% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Currently, the analyst consensus on National Beverage is a Hold with an average price target of $101.
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Based on National Beverage’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $48.83 million. In comparison, last year the company had a net profit of $33.98 million.
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National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Shasta, Faygo, Everfresh, LaCroix, Rip It, Asante, Mt. Shasta, ClearFruit, Mr. Pure, Ritz, Crystal Bay, Cascadia Sparkling Clear, Cascadia Only 2 Calories, Ohana, Big Shot, and St. Nick’s.
