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 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.”
PEP has been the subject of a number of other recent research reports. 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. PepsiCo currently has an average rating of “Buy” and a consensus target price of $87.75.
PepsiCo (NYSE:PEP) opened at 82.35 on Tuesday. PepsiCo has a 52-week low of $70.98 and a 52-week high of $87.06. The stock’s 50-day moving average is $82.28 and its 200-day moving average is $82.63. The company has a market cap of $126.3 billion and a P/E ratio of 19.26.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.