Zacks: Coffee Holding Co., Inc. (JVA) Given Average Rating of “Strong Buy” by Analysts

Coffee Holding Co., Inc. (NASDAQ:JVA) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Coffee an industry rank of 156 out of 256 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the stock. TheStreet downgraded shares of Coffee from a “b-” rating to a “c+” rating in a report on Wednesday, May 15th. Maxim Group reiterated a “buy” rating and issued a $9.00 price target on shares of Coffee in a report on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Coffee from a “hold” rating to a “buy” rating in a report on Monday, February 4th.



Large investors have recently modified their holdings of the stock. Morgan Stanley increased its holdings in Coffee by 156.9% in the 1st quarter. Morgan Stanley now owns 6,770 shares of the company’s stock worth $36,000 after buying an additional 4,135 shares during the period. Jane Street Group LLC acquired a new position in Coffee in the 1st quarter worth approximately $57,000. Northern Trust Corp acquired a new position in Coffee in the 1st quarter worth approximately $85,000. Bailard Inc. acquired a new position in Coffee in the 1st quarter worth approximately $95,000. Finally, Algert Global LLC increased its holdings in Coffee by 89.6% in the 1st quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after buying an additional 13,237 shares during the period. Institutional investors own 23.00% of the company’s stock.

Shares of JVA traded down $0.07 during mid-day trading on Tuesday, hitting $4.52. 20,217 shares of the company traded hands, compared to its average volume of 142,229. Coffee has a 1-year low of $3.53 and a 1-year high of $7.79. The company has a market cap of $25.17 million, a P/E ratio of 27.82 and a beta of 1.80.

Coffee (NASDAQ:JVA) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06). Coffee had a net margin of 1.02% and a return on equity of 3.60%. The company had revenue of $23.63 million for the quarter.

Coffee Company Profile

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.

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