Wells Fargo analyst Christopher Carey maintained a Buy rating on Vita Coco Company (COCO – Research Report) yesterday and set a price target of $30.00. The company’s shares closed yesterday at $25.24.
Carey covers the Consumer Defensive sector, focusing on stocks such as Keurig Dr Pepper, General Mills, and Clorox. According to TipRanks, Carey has an average return of 5.2% and a 52.24% success rate on recommended stocks.
Vita Coco Company has an analyst consensus of Strong Buy, with a price target consensus of $29.20.
COCO market cap is currently $1.45B and has a P/E ratio of 32.20.
Based on the recent corporate insider activity of 51 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 COCO 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.
Vita Coco Company (COCO) Company Description:
The Vita Coco Co Inc is a plant-based functional hydration platform. Its products include Vita Coco Coconut Water, Private Label including coconut water and oil, and Other including Runa and Ever & Ever product offerings, Vita Coco product extensions beyond coconut water, such as Vita Coco Sparkling, coconut milk products, and others.
Read More on COCO:
- Treat Yourself with New Vita Coco Strawberries & Cream Treats™
- Vita Coco Extends Kirban’s Role with Enhanced Compensation Package
- MNST, STZ, COCO: Cheers! 3 Analyst-Approved Beverage Stocks
- Vita Coco price target raised to $28 from $24 at Piper Sandler
- Vita Coco sees 2024 net sales $495M-$505M, consensus $503.27M
