Over the course of the last three months, a group of five analysts, employed by prominent Wall Street banks, have shared their unique perspectives on the performance of Vita Coco (NASDAQ:COCO) stock. These analysts possess a deep understanding of the company’s operations and aim to forecast its trading trajectory for the upcoming year.
Based on the insights of these five analysts, who have provided their 12-month price targets, the average price target for Vita Coco stands at $31.6. The range of price targets spans from a high of $35.00 to a low of $29.00. It is important to note that the number of bullish ratings indicates the level of positivity analysts hold towards the stock, while the number of bearish ratings reflects a more negative sentiment.
The ratings for Vita Coco over the past three months are as follows: one analyst expressed a bullish outlook, another analyst held a somewhat bullish perspective, while three analysts remained indifferent. Notably, there were no analysts who expressed a somewhat bearish or bearish sentiment towards the stock.
It is worth highlighting that the current average price target has experienced a significant increase of 23.1% when compared to the previous average price target of $25.67. Analysts typically arrive at their conclusions by projecting a company’s future profitability, often focusing on the next five years, while also assessing the level of risk and predictability associated with the company’s revenue streams. This process involves attending company conference calls and meetings, conducting thorough research on financial statements, and engaging in communication with insiders. The analysts then utilize this information to provide their ratings on stocks. Generally, analysts rate each stock once per quarter or whenever the company undergoes a major update.
The Vita Coco Company, Inc.
COCO
Buy
Updated on: 02/10/2023
Financial Health
Healthy
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
COCO Stock Analysis: Positive Earnings and Revenue Growth, High P/E Ratio, but Limited Competitor Data
COCO, a stock in the Consumer Non-Durables sector, specifically in the Food: Major Diversified industry, had an eventful day on September 19, 2023. The stock, which had a previous close of $26.49, opened at $26.02. Throughout the day, it traded within a range of $25.57 to $27.26. The volume for the day was 33,608, with an average volume of 690,872 over the past three months. The market cap of COCO is $1.5 billion.
Looking at the earnings growth, COCO experienced a decline of 59.03% in the previous year. However, the company has seen a significant rebound in earnings growth this year, with a growth rate of 389.29%. Looking ahead, the earnings growth forecast for the next five years is 20.00%.
In terms of revenue growth, COCO achieved a growth rate of 12.72% in the last year.
The P/E ratio for COCO stands at 54.1. The Price/Sales ratio is 1.81. The Price/Book ratio is 10.64.
Unfortunately, there is no available data on COCO’s competitors, making it difficult to assess its relative performance within the industry.
COCO is scheduled to report its next earnings on November 9, 2023. Analysts are forecasting earnings per share (EPS) of $0.26 for this quarter.
In terms of financials, COCO reported annual revenue of $427.8 million in the last year, with an annual profit of $7.8 million. The net profit margin for the company stands at 1.83%.
Overall, COCO had a mixed performance on September 19, 2023. The company’s positive earnings and revenue growth, along with a relatively high P/E ratio, indicate that investors have confidence in its future prospects. However, it is important to consider the lack of available competitor data when evaluating COCO’s performance within the industry.
Vita Coco Company Inc Stock Shows Promising Signs for Investors with Potential 18.21% Increase
On September 19, 2023, the stock performance of Vita Coco Company Inc, commonly known as COCO, showed promising signs for investors. According to data sourced from CNN Money, the 7 analysts offering 12-month price forecasts for COCO had a median target of $32.00, with a high estimate of $35.00 and a low estimate of $25.00. This indicates a potential increase of 18.21% from the last recorded price of $27.07.
The consensus among 8 polled investment analysts is to buy stock in Vita Coco Company Inc. This rating has remained steady since August, indicating a consistent positive sentiment towards the company’s stock.
In terms of financial performance, COCO reported earnings per share of $0.26 for the current quarter. This indicates the profitability of the company and its ability to generate earnings for shareholders. Additionally, COCO reported sales of $138.1 million, highlighting the company’s revenue generation capabilities.
Investors can look forward to the reporting date of November 9, when COCO is expected to release further details regarding its financial performance. This information will provide additional insights into the company’s growth trajectory and potential future earnings.
Overall, the stock performance of COCO on September 19, 2023, suggests a positive outlook for investors. With a consensus buy rating from investment analysts and a median target price indicating a potential increase of 18.21%, COCO presents an attractive investment opportunity. However, investors should continue to monitor the company’s financial performance and any market developments that may impact its stock price.
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