Dr Pepper Snapple Group PT Raised to $50.00 (DPS)
Equities researchers at RBC Capital raised their target price on shares of Dr Pepper Snapple Group (NYSE:DPS) from $48.00 to $50.00 in a research report issued on Thursday, Analyst RN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target suggests a potential downside of 8.22% from the company’s current price.
DPS has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. downgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 8th. They now have a $49.00 price target on the stock, up previously from $47.00. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Tuesday, March 25th. They now have a $55.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Dr Pepper Snapple Group in a research note on Monday, March 3rd. They set a “neutral” rating and a $54.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Dr Pepper Snapple Group has an average rating of “Hold” and a consensus target price of $50.83.
Dr Pepper Snapple Group (NYSE:DPS) traded down 0.53% during mid-day trading on Thursday, hitting $54.19. The stock had a trading volume of 787,738 shares. Dr Pepper Snapple Group has a 1-year low of $43.18 and a 1-year high of $55.34. The stock’s 50-day moving average is $52.74 and its 200-day moving average is $49.29. The company has a market cap of $10.690 billion and a P/E ratio of 17.86.
Dr Pepper Snapple Group (NYSE:DPS) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.15. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.53 earnings per share. Dr Pepper Snapple Group’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Dr Pepper Snapple Group will post $3.40 earnings per share for the current fiscal year.
Dr Pepper Snapple Group, Inc (NYSE:DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.
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