Dr Pepper Snapple Group Hits New 1-Year High on Strong Earnings (DPS)
Dr Pepper Snapple Group (NYSE:DPS)’s share price reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement, Analyst Ratings.Net reports. The stock traded as high as $61.33 and last traded at $61.05, with a volume of 2,237,131 shares traded. The stock had previously closed at $58.44.
The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.16. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company posted $0.84 earnings per share. Dr Pepper Snapple Group’s revenue was up 1.2% compared to the same quarter last year.
DPS has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Dr Pepper Snapple Group in a research note on Monday. They set a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $61.00 price target on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Dr Pepper Snapple Group in a research note on Wednesday, June 18th. They set a “sell” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and an average target price of $54.17.
The stock’s 50-day moving average is $58.8 and its 200-day moving average is $54.06. The company has a market cap of $12.001 billion and a price-to-earnings ratio of 17.58.
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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