Keurig Green Mountain Rating Reiterated by Argus (GMCR)
Keurig Green Mountain (NASDAQ:GMCR)‘s stock had its “buy” rating reaffirmed by equities researchers at Argus in a research report issued on Friday. They currently have a $140.00 target price on the stock. Argus’ target price points to a potential upside of 22.48% from the stock’s previous close.
Keurig Green Mountain (NASDAQ:GMCR) opened at 114.30 on Friday. Keurig Green Mountain has a 1-year low of $56.87 and a 1-year high of $128.50. The stock has a 50-day moving average of $120.3 and a 200-day moving average of $110.6. The company has a market cap of $18.565 billion and a price-to-earnings ratio of 30.72.
Keurig Green Mountain (NASDAQ:GMCR) last issued its quarterly earnings data 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. On average, analysts predict that Keurig Green Mountain will post $3.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders 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 0.87%. The ex-dividend date of this dividend is Wednesday, October 1st.
GMCR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Keurig Green Mountain in a research note on Friday, August 8th. They now have a $122.00 price target on the stock. Separately, analysts at Buckingham Research cut their price target on shares of Keurig Green Mountain from $133.00 to $128.00 in a research note on Thursday, August 7th. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Keurig Green Mountain in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $112.75.
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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