Unveiling 10 Analyst Insights On Utz Brands
Portfolio Pulse from Benzinga Insights
Utz Brands (NYSE:UTZ) received mixed analyst ratings in the latest quarter, with 10 analysts offering a range of opinions. The average 12-month price target is now $16.6, down from $18.00, indicating a 7.78% decrease. Analysts from firms including Needham, Mizuho, Piper Sandler, RBC Capital, Goldman Sachs, Truist Securities, Jefferies, Stephens & Co., B of A Securities, and Barclays have updated their ratings and price targets, reflecting their views on the company's market dynamics and performance. Utz Brands, a snack food manufacturer, has seen a 2.49% revenue growth rate over 3 months but faces challenges with a below-average ROE of 2.29%, ROA of 0.57%, and a high debt-to-equity ratio of 1.42.
January 03, 2024 | 4:00 pm
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NEGATIVE IMPACT
Utz Brands received mixed analyst ratings with a lowered average price target, indicating potential pressure on the stock price. The company's revenue growth is positive, but financial performance metrics like ROE and ROA are below industry averages, which may concern investors.
The decrease in the average price target by analysts suggests a bearish outlook, which could lead to a short-term negative impact on the stock price. The mixed ratings indicate uncertainty, which can also contribute to volatility. However, the company's revenue growth is a positive sign, but it is overshadowed by the below-average ROE and ROA, as well as the high debt-to-equity ratio, which may dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100