The shares of New Age Beverages Corporation (NASDAQ:NBEV) has been pegged with a rating of Hold by Maxim Group in its latest research note that was published on September 21st, 2018. Maxim Group wasn’t the only research firm that published a report of New Age Beverages Corporation, with other equities research analysts also giving their opinion on the stock. Northland Capital advised investors in its research note published on September 4th, 2018, to Outperform the NBEV stock while also putting a $3 price target. The stock had earned Buy rating from Maxim Group when it published its report on November 17th, 2017. That day the Maxim Group set price target on the stock to $6. The stock was given Buy rating by ROTH Capital in its report released on July 27th, 2017, the day when the price target on the stock was placed at $7.50. Maxim Group was of a view that NBEV is Buy in its latest report on May 4th, 2017 while giving it a price target of $6.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $9.00. The price of the stock the last time has raised by 378.46% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.67.
The shares of the company dipped by -2.20% during the trading session on Monday, reaching a low of $6.09 while ending the day at $6.22. During the trading session, a total of 5.8 million shares were traded which represents a 58.19% incline from the average session volume which is 13.87M shares. NBEV had ended its last session trading at 6.36. New Age Beverages Corporation currently has a market cap of $478.75M while its P/E earnings growth sits at 9.69, with a beta of 2.94. New Age Beverages Corporation debt-to-equity ratio currently stands at 0.05, while its quick ratio hovers at 12.40. NBEV 52-week low price stands at $1.30 while its 52-week high price is $9.99.
The company in its last quarterly report recorded -$0.08 earnings per share which is below the -$0.05 predicted by most analysts. The New Age Beverages Corporation generated $13.24 million in revenue during the last quarter, which is slightly lower than the $14.68 million predicted by analysts. In the second quarter last year, the firm recorded -$0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -12.5%. New Age Beverages Corporation has the potential to record -0.39 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on January 25th, 2019 where it informed investors and clients that Valero Energy Corporation (NYSE:VLO) is now rated as Neutral. Northland Capital also rated VLO as Initiated on September 4th, 2018, with its price target of $82 suggesting that VLO could surge by 22.32% from its current share price. Even though the stock has been trading at $84.14/share, analysts expect it to surge higher by -0.95% to reach $107.29/share. It started the day trading at $84.63 and traded between $83.26 and $83.34 throughout the trading session.
A look at its technical shows that VLO’s 50-day SMA is 78.15 while its 200-day SMA stands at 101.51. The stock has a high of $126.98 for the year while the low is $68.81. The company’s P/E ratio currently sits at 13.43, while the P/B ratio is 1.62. The company’s average trading volume currently stands at 4.63M shares, which means that the short-interest ratio is just 1.83 days. Over the past seven days, the company moved, with its shift of -1.71%. Looking further, the stock has dropped -9.99% over the past 90 days while it lost -27.62% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more VLO shares, decreasing its portfolio by -0.64% during the last quarter. This move now sees The Vanguard Group Inc selling -214,581 shares in the last quarter, thus it now holds 33,384,217 shares of VLO, with a total valuation of $2,502,814,748. BlackRock Fund Advisors meanwhile sold more VLO shares in the recently filed quarter, changing its stake to $1,752,029,483 worth of shares. SSgA Funds Management Inc followed the path by decreasing its VLO portfolio by -0.10% in the quarter. This means that SSgA Funds Management Inc sold -22,543 shares in the last quarter and now controls 22,833,754 shares of the VLO stock, with the valuation hitting $1,711,846,537.
Similarly, AQR Capital Management LLC increased its Valero Energy Corporation shares by +10.30% during the recently filed quarter. After buying 781,426 shares in the last quarter, the firm now controls 8,371,097 shares of Valero Energy Corporation which are valued at $627,581,142. In the same vein, Columbia Management Investment Ad increased its Valero Energy Corporation shares by during the most recent reported quarter. The firm bought 120,677 shares during the quarter which increased its stakes to 7,145,679 shares and is now valued at $535,711,555. Following these latest developments, around 0.30% of Valero Energy Corporation stocks are owned by institutional investors and hedge funds.