In a report released today, Akshay Jagdale from Jefferies reiterated a Buy rating on Amplify Snack Brands (NYSE: BETR), with a price target of $10. The company’s shares closed yesterday at $8.73, close to its 52-week low of $7.86.
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.5% and a 52.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Lamb Weston Holdings, and McCormick & Company.
Amplify Snack Brands has an analyst consensus of Moderate Buy, with a price target consensus of $9.25.
Amplify Snack Brands’ market cap is currently $670.2M and has a P/E ratio of 33.58. The company has a book value ratio of 11.0939.
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.
Amplify Snack Brands, Inc. is a snack food company. The company focuses on the development and marketing of products that appeal to consumers growing preference for Better-For-You snacks. Its anchor brand, SkinnyPop, is a ready-to-eat popcorn. Amplify Snack Brands was founded by Andrew S. Friedman and Pamela L. Netzky in July 2014 and is headquartered in Austin, TX.