PepsiCo Price Target Raised to $95.00 at JPMorgan Chase & Co. (PEP)
Equities researchers at JPMorgan Chase & Co. raised their price objective on shares of PepsiCo (NYSE:PEP) from $92.00 to $95.00 in a research report issued on Wednesday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 19.41% from the company’s current price.
PepsiCo (NYSE:PEP) traded down 0.33% during mid-day trading on Wednesday, hitting $79.56. 5,448,253 shares of the company’s stock traded hands. PepsiCo has a one year low of $67.39 and a one year high of $87.06. The stock’s 50-day moving average is $80.3 and its 200-day moving average is $81.62. The company has a market cap of $122.7 billion and a P/E ratio of 18.80.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.35 earnings per share for the current fiscal year.
PEP has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo (NYSE:PEP) in a research note to investors on Thursday, September 26th. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.02.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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