Barclays analyst Andrew Lazar maintained a Buy rating on UTZ Brands (UTZ – Research Report) yesterday and set a price target of $18.00. The company’s shares closed yesterday at $18.34.
According to TipRanks, Lazar is a 4-star analyst with an average return of 6.2% and a 59.39% success rate. Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, The Hershey Company, and Mondelez International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for UTZ Brands with a $19.38 average price target, a 5.67% upside from current levels. In a report released on February 27, RBC Capital also maintained a Buy rating on the stock with a $19.00 price target.
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Based on UTZ Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $371.85 million and a net profit of $15.99 million. In comparison, last year the company earned a revenue of $362.82 million and had a GAAP net loss of $888 thousand
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UTZ Brands (UTZ) Company Description:
Collier Creek Holdings is a blank check company, which engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Roger K. Deromedi, Jason K. Giordano, and Chinh E. Chu on April 30, 2018 and is headquartered in New York, NY.
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