New Age Beverage Receives Aggressive BUY Rating

05/02/2017
Source: Street Insider
by: Street Insider

Aegis Capital initiates coverage on New Age Beverages Corp(NASDAQ: NBEV) with a Buy rating and a price target of $6.25.

Analyst David Bain comments "We believe NBEV is underfollowed and underappreciated with both near-term and long-term catalysts. In our view, some of the catalysts have already been secured in the form of completed acquisitions and are “lying in wait” to positively impact shares as the financial benefits are revealed to investors, particularly in 2Q17 (we forecast sales revenue +44% QoQ from 1Q17)."

FY 2017 EPS estimate is for $0.01 and FY 2018 EPS estimate is for $0.16

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