UTZ Brands (UTZ) Receives a Buy from Oppenheimer

In a report released today, Rupesh Parikh from Oppenheimer reiterated a Buy rating on UTZ Brands (UTZ), with a price target of $24.00. The company’s shares closed last Friday at $18.61.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.0% and a 65.7% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for UTZ Brands with a $21.71 average price target, which is a 15.7% upside from current levels. In a report issued on November 13, Piper Sandler also upgraded the stock to Buy with a $22.00 price target.

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The company has a one-year high of $19.35 and a one-year low of $15.98. Currently, UTZ Brands has an average volume of 920.9K.

Based on the recent corporate insider activity of 25 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 UTZ 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.

Collier Creek Holdings is a blank check company, which engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Roger K. Deromedi, Jason K. Giordano, and Chinh E. Chu on April 30, 2018 and is headquartered in New York, NY.

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