UBS AG Increases PepsiCo Price Target to $88.00 (PEP)
Analysts at UBS AG lifted their price objective on shares of PepsiCo (NYSE:PEP) from $85.00 to $88.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. UBS AG’s price target would suggest a potential upside of 2.86% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BTIG Research initiated coverage on shares of PepsiCo in a research note on Monday, April 7th. They set a “buy” rating and a $108.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Thursday, April 3rd. They now have a $87.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of PepsiCo in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $91.60.
Shares of PepsiCo (NYSE:PEP) traded up 0.35% on Monday, hitting $85.85. The stock had a trading volume of 987,959 shares. PepsiCo has a one year low of $77.01 and a one year high of $87.06. The stock has a 50-day moving average of $82.54 and a 200-day moving average of $82.31. The company has a market cap of $130.4 billion and a P/E ratio of 19.33.
PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, April 17th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.08. The company had revenue of $12.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that PepsiCo will post $4.53 earnings per share for the current fiscal year.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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