An interesting stock that came up in some of our conversations today is Keurig Dr Pepper Inc. (NYSE:KDP). At current price of $29.31, the shares have already added 0.71 points (2.47% higher) from its previous close of $28.6. Should you buy or avoid them? The stock sets an active trading volume day with a reported 873114 contracts so far this session. KDP shares had a relatively better volume day versus average trading capacity of 2.62 million shares, but with a 0.2 billion float and a 1.13% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for KDP stock indicates that the average analyst price target is $28.94 per share. This means the stock has a potential decrease of -1.26% from where the KDP share price has been trading recently which is between $28.4 and $29.4556. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $24.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Keurig Dr Pepper’s biggest shareholder sells some shares in beverage company” and dated May 16, 2019.
During the recent trading session for Keurig Dr Pepper Inc. (NYSE:KDP), the company witnessed their stock drop by $-0.07 over a week and surge $2.73 from the price 20 days ago. When compared to their established 52-week high of $124.36, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/06/18. The recent low of $20.46 stood for a -1.53% since 07/10/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.58 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Keurig Dr Pepper Inc., the two-week RSI stands at 57.02. This figure suggests that KDP stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current KDP readings is similarly very revealing as it has a stochastic reading of 68.66% at this stage. This figure means that KDP share price today is being neutral.
Technical chart claims that Keurig Dr Pepper Inc. (KDP) would settle between $29.24/share to $29.87/share level. However, if the stock price goes below the $28.18 mark, then the market for Keurig Dr Pepper Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $27.76 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Morgan Stanley lowered their recommendation on shares of KDP from Equal-Weight to Underweight in their opinion released on April 11. Goldman analysts bumped their rating on Keurig Dr Pepper Inc. (NYSE:KDP) stock from Neutral to Buy in a separate flash note issued to investors on January 09. Analysts at Morgan Stanley, made their first call for the equity with a Equal-Weight recommendation, according to a research note that dated back to December 21.
KDP equity has an average rating of 2.53, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 10 rated the stock as a hold while the remaining 9 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 8 analysts rated Keurig Dr Pepper Inc. (NYSE:KDP) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, KDP stock price is currently trading at 20.46X forward 12-month Consensus EPS estimates, and its P/S ratio is 4.47 while for the average stock in the same group, the multiple is 1.62. Keurig Dr Pepper Inc. current P/E ratio of 58.45 means it is trading at a premium against its industry’s 57.55. In the past 5 years, this ratio for the stock has been fluctuating between 3.22 and 48.44.
Keurig Dr Pepper Inc. (KDP)’s current-quarter revenues are projected to climb by nearly 1.66% to hit $2.88 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 11.04% from $10.1 billion to a noteworthy $11.21 billion. At the other end of the current quarter income statement, Keurig Dr Pepper Inc. is expected to see its adjusted earnings surge by roughly 7.41% to hit $0.29 per share. For the fiscal year, KDP’s earnings are projected to climb by roughly 17.31% to hit $1.22 per share.