Keurig Green Mountain Hits New 52-Week High After Analyst Upgrade (GMCR)
Keurig Green Mountain (NASDAQ:GMCR)’s share price reached a new 52-week high on Friday after Williams Capital raised their price target on the stock from $125.00 to $131.00, AmericanBankingNews.com reports. Williams Capital currently has a buy rating on the stock. Keurig Green Mountain traded as high as $135.99 and last traded at $134.07, with a volume of 7,136,224 shares changing hands. The stock had previously closed at $117.75.
A number of other firms have also recently commented 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $113.25.
The stock’s 50-day moving average is $119.2 and its 200-day moving average is $112.0. The company has a market cap of $21.729 billion and a price-to-earnings ratio of 31.71.
Keurig Green Mountain (NASDAQ:GMCR) last released its 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. Analysts expect that Keurig Green Mountain will post $3.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders 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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