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Goldman Small Cap Research has upgraded its rating on ForeverGreen Worldwide Corporation (OTCQB: FVRG)

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Following the release of the first quarter earnings for the period ending March 31st, 2014, analyst Rob Goldman has raised his price target to $3.80 from $3.00, a premium of 147% to the $1.54 price on May 16th, the day the report was issued.

Additional Information:

Company: ForeverGreen Worldwide Corporation
Website: http://www.forevergreen.org/
Stock Symbol: OTCQB: FVRG
Date Published: May 20, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch Media

Goldman Small Cap Research has upgraded its rating on ForeverGreen Worldwide Corporation, symbol FVRG on the OTCQB.

Following the release of the first quarter earnings for the period ending March 31st, 2014, analyst Rob Goldman has raised his price target to $3.80 from $3.00, a premium of 147% to the $1.54 price on May 16th, the day the report was issued.

ForeverGreen develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia, South America and Africa.

Products include Azul and FrequenSea™ whole-food beverages with industry exclusive Marine Phytoplankton, the Versativa line of hemp-based whole-food products, and an entire catalogue of meals, snacks, household cleaners and personal care products.

The company is enjoying broad adoption of its PowerStrips, a FDA-listed Class 1 Medical Device to treat pain, and its recently introduced SolarStrips, an oral, dissolving breath strip containing the same nutrients as the company’s flagship FrequenSea™..

CFO Jack Eldridge stated, "We experienced a 291% increase over the corresponding period in 2013, significantly above the initial $8 million guidance we issued for the quarter. Gross margins, operating margins and net profit margins all continue to improve. We expect our net operating margins and our net profit margins to continue to increase with logistical improvements and economies of scale.”

Analyst Rob Goldman stated, “Not only is the company hitting on all cylinders, but the rate of top-line growth is accelerating and revenue for the first half of 2014 should easily beat sales recorded for the entire year 2013, aided in part by key changes in infrastructure.”

The research report forecasts $0.19 earnings per share versus $0.01 last year, with 25% more shares outstanding.

The company currently trades at $1.43, well below the $3.80 target price, and with 20.6 million shares outstanding, the company is capitalized at $29.5 million.

For more information about please visit the company’s website www.forevergreen.org, contact Craig Smith
801-655-5500, or email craig@forevergreen.org.

Brokers and analysts should contact Kevin Holmes at Chesapeake Group. He can be reach ed at 410-825-3930 or by email at info@chesapeakegp.com.

For a copy of the research report, please contact Rob Goldman at rob@goldmanresearch.com.

I’m Samantha Deutscher for InvestmentPitch Media
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This video is for information purposes only and it is not a recommendation to buy or sell any securities.