Jefferies Thinks Amplify Snack Brands’ Stock is Going to Recover

By Austin Angelo

Jefferies analyst Akshay Jagdale reiterated a Buy rating on Amplify Snack Brands (NYSE: BETR) yesterday and set a price target of $12. The company’s shares opened today at $7.21, close to its 52-week high of $17.53.

According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 1.5% and a 48.9% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Lamb Weston Holdings, and McCormick & Company.

Amplify Snack Brands has an analyst consensus of Moderate Buy, with a price target consensus of $12.

Amplify Snack Brands’ market cap is currently $558.8M and has a P/E ratio of 45.5. The company has a book value ratio of 7.4222.

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Amplify Snack Brands, Inc. is a snack food company. The company focuses on the development and marketing of products that appeal to consumers growing preference for Better-For-You snacks. Its anchor brand, SkinnyPop, is a ready-to-eat popcorn. Amplify Snack Brands was founded by Andrew S. Friedman and Pamela L.