Canaccord Genuity Maintains a 'Buy' on Jamba (JMBA); Adjusting The Model Slightly
Tweet Send to a FriendGet Alerts JMBA Hot Sheet
Price: $2.83 -0.35%
Rating Summary:
4 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade JMBA Now!
Canaccord Genuity maintains a 'Buy' on Jamba (NASDAQ: JMBA) price target of $3.00.
Analyst, Scott Van Winkle, said, "We maintain our rating and continue to believe that Jamba has long had the brand and the product focus, but has now successfully developed the operating model for an efficient and profitable company...We are adjusting our model to reflect the recent conversion of 75,000 preferred shares to common by Mistral Equity Partners."
"The shares trade at what we feel is a reasonable level of 9x our F2013 EBITDA forecast. Our $3.00 price target reflects an 11x multiple applied to our F2013 EBITDA forecast, which reflects peer valuations in the natural/healthy food segment."
For an analyst ratings summary and ratings history on Jamba click here. For more ratings news on Jamba click here.
Shares of Jamba closed at $2.43 yesterday, with a 52 week range of $1.21-$2.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Scott Van Winkle, said, "We maintain our rating and continue to believe that Jamba has long had the brand and the product focus, but has now successfully developed the operating model for an efficient and profitable company...We are adjusting our model to reflect the recent conversion of 75,000 preferred shares to common by Mistral Equity Partners."
"The shares trade at what we feel is a reasonable level of 9x our F2013 EBITDA forecast. Our $3.00 price target reflects an 11x multiple applied to our F2013 EBITDA forecast, which reflects peer valuations in the natural/healthy food segment."
For an analyst ratings summary and ratings history on Jamba click here. For more ratings news on Jamba click here.
Shares of Jamba closed at $2.43 yesterday, with a 52 week range of $1.21-$2.94.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Supernus (SUPN) PT Trimmed at Jefferies, But Survey Shows Significant Market Opportunity
- Goldman Sachs Upgrades Ruckus Wireless (RKUS) to Buy, 'Pullback Creates Opportunity'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Canaccord Genuity
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
