PepsiCo PT Raised to $93.00 (PEP)
Stock analysts at Sanford C. Bernstein boosted their target price on shares of PepsiCo (NYSE:PEP) from $91.00 to $93.00 in a report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price objective indicates a potential upside of 12.62% from the stock’s previous close.
PepsiCo (NYSE:PEP) traded up 0.38% during mid-day trading on Thursday, hitting $82.58. 4,469,232 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’s 50-day moving average is $81.58 and its 200-day moving average is $81.17. The company has a market cap of $127.4 billion and a price-to-earnings ratio of 19.38. PepsiCo also saw some unusual options trading on Monday. Stock investors bought 6,777 call options on the company. This is an increase of 325% compared to the typical volume of 1,596 call options.
PepsiCo (NYSE:PEP) last announced its earnings results on Wednesday, October 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.06. The company had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $17.03 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that PepsiCo will post $4.35 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo in a research note to investors on Tuesday, October 8th. Separately, 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. PepsiCo currently has an average rating of “Buy” and a consensus target price of $87.37.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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