TheStreet Reiterates Buy Rating for PepsiCo (PEP)
PepsiCo (NYSE:PEP)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Tuesday, Analyst RN 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.”
Shares of PepsiCo (NYSE:PEP) traded up 0.16% on Tuesday, hitting $79.19. 2,913,673 shares of the company’s stock traded hands. PepsiCo has a 1-year low of $67.39 and a 1-year high of $87.06. The stock has a 50-day moving average of $80.05 and a 200-day moving average of $81.70. The company has a market cap of $122.1 billion and a P/E ratio of 18.62. PepsiCo also saw unusually large options trading on Monday. Investors bought 4,842 put options on the stock. This represents an increase of approximately 207% compared to the average volume of 1,578 put options.
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.
PEP has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $92.00 to $95.00 in a research note to investors on Wednesday, October 2nd. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets cut their EPS estimates on shares of PepsiCo in a research note on Thursday. They now have an “outperform” rating and a $92.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note to investors on Wednesday, August 28th. They now have a $83.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus 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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