On Oct 26, major Wall Street analysts update their ratings for $Keurig Dr Pepper (KDP.US)$, with price targets ranging from $36 to $42.
J.P. Morgan analyst Andrea Faria Teixeira maintains with a buy rating, and adjusts the target price from $41 to $40.
Wells Fargo analyst Christopher Carey maintains with a buy rating, and adjusts the target price from $43 to $42.
Jefferies analyst Kaumil Gajrawala maintains with a buy rating, and adjusts the target price from $42 to $41.
Evercore analyst Robert Ottenstein maintains with a hold rating, and maintains the target price at $36.
TD Cowen analyst Robert Moskow maintains with a hold rating, and adjusts the target price from $40 to $39.
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 recent quarterly performance in the U.S. coffee segment was considered disappointing, falling short of expectations in terms of sales and profit, despite a stronger showing in U.S. refreshment beverages. The primary factor contributing to the underwhelming coffee results was negative pricing, coupled with lower-than-anticipated coffee pod volumes. Nonetheless, the valuation of Keurig Dr Pepper is still perceived as appealing.
The company experienced a lackluster quarter influenced by an aggressive promotional landscape in the coffee sector and international performance that marginally fell short of expectations. Nevertheless, the firm witnessed a third sequential quarter of total company volume acceleration, and its earnings per share met projections.
The third quarter showed satisfactory performance for Keurig Dr Pepper, and the company appears well positioned to meet its long-term financial algorithm by 2025. The partnership with GHOST is expected to contribute approximately 300 basis points to growth, with an anticipated mid-teens EBITDA margin, providing the company with strategic flexibility, particularly in the coffee segment.
Here are the latest investment ratings and price targets for $Keurig Dr Pepper (KDP.US)$ from 5 analysts:
Note:
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