PepsiCo PT Raised to $95.00 (PEP)
Equities researchers at JPMorgan Chase & Co. upped their price objective on shares of PepsiCo (NYSE:PEP) from $92.00 to $95.00 in a research report issued on Wednesday, AR Network reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 19.41% from the stock’s previous close.
Shares of PepsiCo (NYSE:PEP) traded down 0.33% on Wednesday, hitting $79.56. 5,448,253 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 has a 50-day moving average of $80.3 and a 200-day moving average of $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 (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. On average, analysts predict that PepsiCo will post $4.35 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PEP. 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 investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $87.02.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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