Keurig Green Mountain Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:GMCR)
Shares of Keurig Green Mountain (NASDAQ:GMCR) have received an average recommendation of “Hold” from the nineteen analysts that are covering the stock, American Banking & Market News reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $109.92.
In other Keurig Green Mountain news, Director David E. Moran sold 15,500 shares of Keurig Green Mountain stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,937,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Keurig Green Mountain (NASDAQ:GMCR) traded up 0.06% on Monday, hitting $125.32. 334,898 shares of the company’s stock traded hands. Keurig Green Mountain has a 52 week low of $56.87 and a 52 week high of $128.04. The stock’s 50-day moving average is $117.0 and its 200-day moving average is $100.8. The company has a market cap of $20.394 billion and a price-to-earnings ratio of 35.46. Keurig Green Mountain also was the target of a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 11,841,144 shares, a drop of 6.2% from the May 30th total of 12,617,901 shares. Approximately 9.8% of the company’s stock are short sold. Based on an average daily volume of 2,883,721 shares, the days-to-cover ratio is currently 4.1 days.
Keurig Green Mountain (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.13. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.93 earnings per share. Keurig Green Mountain’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Keurig Green Mountain will post $3.78 EPS for the current fiscal year.
A number of analysts have recently weighed in on GMCR shares. Analysts at Argus upgraded shares of Keurig Green Mountain from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $140.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Keurig Green Mountain from a “buy” rating to a “neutral” rating in a research note on Thursday, June 19th. Finally, analysts at Zacks initiated coverage on shares of Keurig Green Mountain in a research note on Thursday, June 19th. They set a “neutral” rating and a $124.00 price target on the stock.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada.
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