Maxim Group analyst Stephen Anderson maintained a Buy rating on Coffee Holding Co (JVA) yesterday and set a price target of $8. The company’s shares closed yesterday at $4.47.
Anderson wrote:
“We maintain our Buy rating and $8 price target on Coffee Holding Company (JVA) despite yesterday’s release of weaker-than-expected F2Q19 (April) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 8.3% and a 63.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Coffee Holding Co has an analyst consensus of Moderate Buy, with a price target consensus of $8.
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Based on Coffee Holding Co’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $238.5K. In comparison, last year the company had a net profit of $510.8K.
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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.
