On Oct 25, major Wall Street analysts update their ratings for $Keurig Dr Pepper (KDP.US)$, with price targets ranging from $40 to $42.
Citi analyst Filippo Falorni maintains with a buy rating, and adjusts the target price from $43 to $40.
Wells Fargo analyst Christopher Carey maintains with a buy rating, and adjusts the target price from $43 to $42.
RBC Capital analyst Nik Modi maintains with a buy rating, and adjusts the target price from $41 to $42.
Truist Financial analyst Bill Chappell maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Keurig Dr Pepper (KDP.US)$'s main analysts recently are as follows:
Keurig Dr Pepper's performance in the U.S. coffee segment during Q3 was characterized as unsatisfactory, with reported sales and profits not meeting expectations, despite a more positive outcome in the U.S. refreshment beverage sector. The shortfall in the coffee division is largely attributed to unfavorable pricing dynamics, accompanied by a less than anticipated volume of coffee pod sales. Nonetheless, the general valuation of Keurig Dr Pepper is still considered appealing.
Keurig Dr Pepper's recent quarter performance was subdued due to an aggressive promotional climate in the coffee sector and international outcomes that marginally missed projections. Nonetheless, the firm's total volumes have seen acceleration for the third successive quarter, and its earnings per share aligned with expectations.
The third quarter showed satisfactory performance, and expectations are poised for the company to meet its long-term targets by 2025. The recent agreement with GHOST is anticipated to contribute approximately 300 basis points to growth, with an expected mid-teens EBITDA margin, and it also provides the flexibility to strategically adapt within the coffee segment, positioning the company favorably.
Here are the latest investment ratings and price targets for $Keurig Dr Pepper (KDP.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
