Dr Pepper Snapple Group PT Raised to $59.00 at UBS AG (DPS)
Investment analysts at UBS AG lifted their target price on shares of Dr Pepper Snapple Group (NYSE:DPS) to $59.00 in a note issued to investors on Thursday, ARN reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price points to a potential upside of 9.62% from the company’s current price.
In other Dr Pepper Snapple Group news, CFO Martin M. Ellen sold 15,000 shares of Dr Pepper Snapple Group stock on the open market in a transaction dated Thursday, April 24th. The stock was sold at an average price of $54.45, for a total transaction of $816,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
DPS has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Dr Pepper Snapple Group from $48.00 to $50.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Dr Pepper Snapple Group presently has an average rating of “Hold” and a consensus target price of $53.54.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 1.21% on Thursday, hitting $53.82. The stock had a trading volume of 2,756,849 shares. Dr Pepper Snapple Group has a 52 week low of $43.18 and a 52 week high of $55.34. The stock has a 50-day moving average of $52.79 and a 200-day moving average of $49.32. The company has a market cap of $10.617 billion and a P/E ratio of 17.86.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results 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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