Keurig Green Mountain Now Covered by Susquehanna (GMCR)
Analysts at Susquehanna assumed coverage on shares of Keurig Green Mountain (NASDAQ:GMCR) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “positive” rating and a $154.00 price target on the stock. Susquehanna’s price target suggests a potential upside of 32.31% from the stock’s previous close.
Keurig Green Mountain (NASDAQ:GMCR) opened at 116.39 on Monday. Keurig Green Mountain has a 52-week low of $90.08 and a 52-week high of $158.87. The stock has a 50-day moving average of $121. and a 200-day moving average of $132.. The company has a market cap of $18.82 billion and a P/E ratio of 31.91.
Keurig Green Mountain (NASDAQ:GMCR) last released its earnings data on Wednesday, February 4th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Keurig Green Mountain will post $4.08 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Vetr upgraded shares of Keurig Green Mountain from a “buy” rating to a “strong-buy” rating and set a $148.00 price target on the stock in a research note on Monday, March 30th. Analysts at OTR Global reiterated a “negative” rating on shares of Keurig Green Mountain in a research note on Wednesday, March 25th. Analysts at Canaccord Genuity set a $139.00 price target on shares of Keurig Green Mountain and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, analysts at Goldman Sachs set a $166.00 price target on shares of Keurig Green Mountain and gave the company a “buy” rating in a research note on Thursday, February 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $146.08.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada. The Company sells Keurig Single Cup Brewers and Arabica bean coffees, including Fair Trade Certified, certified organic, flavored, limited edition and blends offered in K-Cup and Vue packs (NASDAQ:GMCR) for use with its Keurig Single Cup Brewers.
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