TheStreet Reiterates Buy Rating for PepsiCo (PEP)
PepsiCo (NYSE:PEP)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Thursday, Analyst Ratings.Net reports.
The analysts wrote, “PepsiCo (PEP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
A number of other analysts have also recently weighed in on PEP. Analysts at BMO Capital Markets cut their EPS estimates on shares of PepsiCo (NYSE:PEP) in a research note on Thursday. They now have an “outperform” rating and a $92.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo (NYSE:PEP) in a research note to investors on Wednesday, August 28th. They now have a $83.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of PepsiCo (NYSE:PEP) from $92.00 to $98.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $86.80.
PepsiCo (NYSE:PEP) traded down 0.34% during mid-day trading on Thursday, hitting $79.94. 926,137 shares of the company’s stock traded hands. PepsiCo has a 52 week low of $67.39 and a 52 week high of $87.06. The stock’s 50-day moving average is $80. and its 200-day moving average is $81.50. The company has a market cap of $123.3 billion and a price-to-earnings ratio of 18.90.
PepsiCo (NYSE:PEP) last announced its earnings results on Wednesday, July 24th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $16.81 million for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that PepsiCo will post $4.35 EPS for the current fiscal year.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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