Keurig Green Mountain Given New $122.00 Price Target at Canaccord Genuity (GMCR)
Equities researchers at Canaccord Genuity raised their price target on shares of Keurig Green Mountain (NASDAQ:GMCR) from $117.00 to $122.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 3.27% from the company’s current price.
A number of other analysts have also recently weighed in on GMCR. Analysts at Argus upgraded shares of Keurig Green Mountain from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $110.33.
Shares of Keurig Green Mountain (NASDAQ:GMCR) traded up 0.67% during mid-day trading on Thursday, hitting $118.93. The stock had a trading volume of 1,536,985 shares. Keurig Green Mountain has a 52 week low of $56.87 and a 52 week high of $128.50. The stock’s 50-day moving average is $121.8 and its 200-day moving average is $109.6. The company has a market cap of $19.354 billion and a price-to-earnings ratio of 33.45. Keurig Green Mountain also was the recipient of some unusual options trading on Wednesday. Investors purchased 11,486 call options on the stock. This is an increase of 200% compared to the average daily volume of 3,824 call options.
Keurig Green Mountain (NASDAQ:GMCR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Keurig Green Mountain will post $3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%.
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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