Keurig Green Mountain Price Target Raised to $131.00 (GMCR)
Williams Capital lifted their target price on shares of Keurig Green Mountain (NASDAQ:GMCR) from $125.00 to $131.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Williams Capital’s price target suggests a potential upside of 11.39% from the company’s current price.
A number of other analysts have also recently weighed in on GMCR. Analysts at Argus reiterated a “buy” rating on shares of Keurig Green Mountain in a research note on Friday, August 15th. They now have a $140.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Keurig Green Mountain presently has a consensus rating of “Hold” and an average target price of $113.25.
Keurig Green Mountain (NASDAQ:GMCR) opened at 117.58 on Thursday. Keurig Green Mountain has a one year low of $56.87 and a one year high of $128.50. The stock’s 50-day moving average is $119.4 and its 200-day moving average is $112.0. The company has a market cap of $19.098 billion and a price-to-earnings ratio of 31.63.
Keurig Green Mountain (NASDAQ:GMCR) last released its earnings data on Wednesday, August 6th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter 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 announced a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, October 1st.
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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