In a report released yesterday, Nik Modi from RBC Capital maintained a Buy rating on UTZ Brands (UTZ – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $18.74.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.4% and a 60.32% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Constellation Brands, and The Hershey Company.
Currently, the analyst consensus on UTZ Brands is a Moderate Buy with an average price target of $20.25, representing an 8.06% upside. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $22.00 price target.
The company has a one-year high of $19.14 and a one-year low of $11.09. Currently, UTZ Brands has an average volume of 748.5K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UTZ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on UTZ:
- UTZ Brands Secures Savings with Smart Refinancing Strategy
- Utz Brands sells two manufacturing facilities for $18.5M, sees accretion
- Utz Brands price target raised to $22 from $19 at Mizuho
- Utz Brands approves annual dividend increase to 23.6c per share from 22.8c
- Utz Brands upgraded to Buy from Neutral at BofA
