Susquehanna Thinks National Beverage’s Stock is Going to Recover

In a report released today, Pablo Zuanic from Susquehanna reiterated a Buy rating on National Beverage (FIZZResearch Report), with a price target of $112. The company’s shares closed yesterday at $84.30, close to its 52-week low of $81.11.

Zuanic wrote:

“2Q was in line and the scanner data points to no improvement yet, but management is making encouraging comments about the order backlog and display activity being recovered. On the margin, that may help the stock in the near term (next Nielsen out 12/11).”

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 4.3% and a 46.3% 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 Moderate Buy with an average price target of $118.

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The company has a one-year high of $123.27 and a one-year low of $81.11. Currently, National Beverage has an average volume of 230.8K.

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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.

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