PepsiCo Stock Rating Reaffirmed by TheStreet (PEP)
PepsiCo (NYSE:PEP)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Sunday, 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, notable return on equity, expanding profit margins, growth in earnings per share and reasonable valuation levels. 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 firms have also recently commented on PEP. Analysts at Thomson Reuters/Verus upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 2nd. Separately, analysts at RBC Capital initiated coverage on shares of PepsiCo in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $89.00 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, November 20th. They now have a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $87.75.
Shares of PepsiCo (NYSE:PEP) opened at 82.24 on Friday. PepsiCo has a one year low of $69.16 and a one year high of $87.06. The stock’s 50-day moving average is $83.12 and its 200-day moving average is $82.48. The company has a market cap of $126.1 billion and a price-to-earnings ratio of 19.27.
PepsiCo (NYSE:PEP) last announced its earnings results on Wednesday, October 16th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that PepsiCo will post $4.34 earnings per share for the current fiscal year.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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