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Evercore ISI Remains a Buy on Vita Coco Company (COCO)

Tipranks - Tipranks - Wed Feb 25, 5:24AM CST

In a report released yesterday, Robert Ottenstein from Evercore ISI maintained a Buy rating on Vita Coco Company, with a price target of $58.00. The company’s shares closed yesterday at $53.62.

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According to TipRanks, Ottenstein is a 4-star analyst with an average return of 5.1% and a 57.62% success rate. Ottenstein covers the Consumer Defensive sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Colgate-Palmolive, and Coca-Cola.

In addition to Evercore ISI, Vita Coco Company also received a Buy from Bank of America Securities’s Peter Galbo in a report issued on February 19. However, yesterday, Morgan Stanley maintained a Hold rating on Vita Coco Company (NASDAQ: COCO).

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Based on Vita Coco Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $127.79 million and a net profit of $5.53 million. In comparison, last year the company earned a revenue of $127.29 million and had a net profit of $3.37 million

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