Analysts at Macquarie Kept their Past ‘Outperform’ rating on Shares Keurig Dr Pepper (KDP), Set a $30 Target Price per Share

Keurig Dr Pepper (KDP) Rating Reaffirmed

The broker has just set a target price of $30 on Keurig Dr Pepper (KDP) shares. This is 13.42 % from the last stock price. In an analyst note issued on 4 December, Macquarie reiterated their Outperform rating on shares of KDP.

Keurig Dr Pepper Inc. (NYSE:KDP) Ratings Coverage

Among 9 analysts covering Keurig Dr Pepper (KDP), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Keurig Dr Pepper has $33 highest and $20 lowest target. $27’s average target is 2.08% above currents $26.45 stock price. Keurig Dr Pepper had 10 analyst reports since July 11, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, August 10 with “Neutral”. The stock of Keurig Dr Pepper Inc. (NYSE:KDP) has “Buy” rating given on Monday, July 16 by Bank of America. As per Friday, November 16, the company rating was maintained by JP Morgan. The rating was downgraded by Gabelli on Friday, November 9 to “Hold”. Jefferies maintained Keurig Dr Pepper Inc. (NYSE:KDP) on Monday, August 20 with “Hold” rating. Macquarie Research maintained the shares of KDP in report on Friday, October 12 with “Neutral” rating. Citigroup maintained Keurig Dr Pepper Inc. (NYSE:KDP) rating on Tuesday, November 13. Citigroup has “Neutral” rating and $30 target.

The stock increased 0.38% or $0.1 during the last trading session, reaching $26.45. About 6.54 million shares traded or 116.07% up from the average. Keurig Dr Pepper Inc. (KDP) has risen 61.67% since December 4, 2017 and is uptrending. It has outperformed by 46.05% the S&P500.

Analysts await Keurig Dr Pepper Inc. (NYSE:KDP) to report earnings on February, 13. They expect $0.30 earnings per share, down 74.36 % or $0.87 from last year’s $1.17 per share. KDP’s profit will be $416.73 million for 22.04 P/E if the $0.30 EPS becomes a reality. After $0.30 actual earnings per share reported by Keurig Dr Pepper Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Keurig Dr Pepper Inc. engages in the brewing system and specialty coffee businesses in the United States and Canada. The company has market cap of $36.74 billion. The firm sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods. It has a 0.24 P/E ratio. It distributes its products through at-home and away-from-home channels to retailers, including supermarkets, department stores, mass merchandisers, club stores, and convenience stores; and restaurants, hospitality accounts, office coffee distributors, and partner brand owners, as well as to clients through its Websites.

More notable recent Keurig Dr Pepper Inc. (NYSE:KDP) news were published by: Seekingalpha.com which released: “Coca-Cola crashes into coffee – Seeking Alpha” on August 31, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Meet The New Ford – Seeking Alpha” published on August 04, 2018, Seekingalpha.com published: “Keurig Dr Pepper Is Not Worth More Than Competitors – Seeking Alpha” on July 23, 2018. More interesting news about Keurig Dr Pepper Inc. (NYSE:KDP) were released by: Benzinga.com and their article: “Mixed Drinks: Combined Keurig Dr Pepper (NYSE:KDP) Debuts On NYSE – Benzinga” published on July 10, 2018 as well as Seekingalpha.com‘s news article titled: “Coca-Cola: Too Rich For My Blood – Seeking Alpha” with publication date: August 26, 2018.

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