2024-06-10 16:31:37 ET
Summary
- Fevertree Drinks' stock price already has some upside going by the forward price-to-earnings (P/E) ratio, and its dividends as well as improving market conditions indicate further upside is likely.
- The company has a reasonable 8% revenue growth projection for 2024, but it expects adjusted EBITDA to double as inflationary pressures calm down.
- I wouldn't rule out upgrades to projections going by the momentum indicated in its latest trading update, as well as better health in its big UK market.
Since I last wrote about the UK-based mixer drinks manufacturer and brand Fevertree Drinks ( OTCPK:FQVTF ) ( OTCPK:FQVTY ) in January, its price is up by over 13%. This increase is particularly interesting considering that both the company’s trading update released in late January and its full-year 2023 results released in March weren’t encouraging. Yet, the price was up notably on both occasions, by 6.4% and 12.4% respectively. Even after the latest trading update, released last week , in which the company reported positive sales momentum, the stock was up by 1.9%....
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For further details see:
Fevertree Drinks: Achievable Revenue Growth And Earnings Expansion Forecast (Rating Upgrade)