Keurig Green Mountain Given “Neutral” Rating at Zacks

2015-01-19 X Capsules Packing Machine Trade News

Zacks reiterated their neutral rating on shares of Keurig Green Mountain (NASDAQ:GMCR) in a research report sent to investors on Friday morning. The firm currently has a $134.00 price target on the stock.

Zacks’ analyst wrote, “Keurig Green Mountain’s fourth-quarter earnings of $0.90 per share improved 1% from the year-ago results and beat the Zacks Consensus Estimate of $0.78 by 15.4%. The earnings upswing came on the back of operational efficiencies and higher single-serve pack sales. Net sales beat the Zacks Consensus Estimate by 2.6% and beat the year-ago figure by 14%. We are impressed with the company’s recent strategic licensing agreements with major beverage companies to bring more popular brands into the K-Cups and Vue packs portion cup business. Moreover, the company is stepping into the growing soda category with its upcoming Keurig Cold machines. Also, its newest Keurig 2.0 model with an anti-lock technology has helped it to pitch several unlicensed partners into its brewing system as well as maintain dominance in the single-serve category. We howevert, prefer to remain on the sidelines and watch how the company fares in the 2015. “

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a hold rating on shares of Keurig Green Mountain in a research note on Friday, January 9th. Analysts at Morgan Stanley initiated coverage on shares of Keurig Green Mountain in a research note on Thursday, January 8th. They set an overweight rating and a $160.00 price target on the stock. Analysts at Williams Capital raised their price target on shares of Keurig Green Mountain from $131.00 to $151.00 and gave the company a buy rating in a research note on Wednesday, December 10th. Finally, analysts at Argus raised their price target on shares of Keurig Green Mountain from $140.00 to $164.00 and gave the company a buy rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $147.42.

Keurig Green Mountain (NASDAQ:GMCR) traded up 0.39% on Friday, hitting $127.87. 583,128 shares of the company’s stock traded hands. Keurig Green Mountain has a one year low of $74.44 and a one year high of $158.87. The stock has a 50-day moving average of $135. and a 200-day moving average of $133.2. The company has a market cap of $20.716 billion and a price-to-earnings ratio of 34.06. Keurig Green Mountain also was the target of some unusual options trading on Thursday. Investors purchased 10,648 put options on the stock. This is an increase of approximately 241% compared to the typical volume of 3,124 put options.

Keurig Green Mountain (NASDAQ:GMCR) last released its earnings data on Wednesday, November 19th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Keurig Green Mountain will post $4.21 EPS for the current fiscal year.

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.