Dr Pepper Snapple Group (NYSE:DPS) Reaching An Inflection Point; Macquarie Initiates Shares At Neutral with $95 target

September 17, 2017 - By Marie Mckinney

 Dr Pepper Snapple Group (NYSE:DPS) Reaching An Inflection Point; Macquarie Initiates Shares At Neutral with $95 target

Why Has Macquarie Given Dr Pepper Snapple Group (NYSE:DPS) a $95 Price Target

Macquarie analyst started coverage with a Neutral rating on Dr Pepper Snapple Group (NYSE:DPS) today and set a price target of $95. The company’s shares opened today at 0.

Dr Pepper Snapple Group Inc. (NYSE:DPS) Ratings Coverage

Among 18 analysts covering Dr Pepper Snapple (NYSE:DPS), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Dr Pepper Snapple has $116 highest and $84 lowest target. $98.57’s average target is 7.68% above currents $91.54 stock price. Dr Pepper Snapple had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Monday, September 7. The rating was upgraded by Goldman Sachs to “Neutral” on Monday, January 9. The firm has “Hold” rating given on Thursday, July 13 by Cowen & Co. The stock of Dr Pepper Snapple Group Inc. (NYSE:DPS) earned “Overweight” rating by Morgan Stanley on Tuesday, May 16. Susquehanna maintained Dr Pepper Snapple Group Inc. (NYSE:DPS) rating on Thursday, July 27. Susquehanna has “Hold” rating and $9600 target. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. The stock of Dr Pepper Snapple Group Inc. (NYSE:DPS) earned “Hold” rating by Deutsche Bank on Friday, October 23. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, July 12. As per Tuesday, October 27, the company rating was upgraded by RBC Capital Markets. On Friday, September 16 the stock rating was initiated by Credit Suisse with “Outperform”.

The stock decreased 0.05% or $0.05 on September 15, reaching $91.54. About 1.67M shares traded or 85.45% up from the average. Dr Pepper Snapple Group Inc. (NYSE:DPS) has declined 1.39% since September 17, 2016 and is downtrending. It has underperformed by 18.09% the S&P500.

Analysts await Dr Pepper Snapple Group Inc. (NYSE:DPS) to report earnings on October, 26. They expect $1.18 earnings per share, up 0.85 % or $0.01 from last year’s $1.17 per share. DPS’s profit will be $214.50 million for 19.39 P/E if the $1.18 EPS becomes a reality. After $1.25 actual earnings per share reported by Dr Pepper Snapple Group Inc. for the previous quarter, Wall Street now forecasts -5.60 % negative EPS growth.

Dr Pepper Snapple Group, Inc. is an integrated brand owner, maker and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The company has market cap of $16.64 billion. The Firm offers a diverse portfolio of flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers. It has a 21.97 P/E ratio. The Company’s divisions include Beverage Concentrates, Packaged Beverages and Latin America Beverages.

More notable recent Dr Pepper Snapple Group Inc. (NYSE:DPS) news were published by: Seekingalpha.com which released: “Dr Pepper Snapple Group (DPS) Q1 2017 Results – Earnings Call Transcript” on April 26, 2017, also Seekingalpha.com with their article: “Waiting For Dr Pepper Snapple To Break Down” published on August 08, 2017, Seekingalpha.com published: “Keep Buying Dr Pepper Snapple Group” on May 24, 2017. More interesting news about Dr Pepper Snapple Group Inc. (NYSE:DPS) were released by: Seekingalpha.com and their article: “Dr Pepper Snapple Is Undervalued” published on September 03, 2017 as well as Seekingalpha.com‘s news article titled: “Dr Pepper Snapple Group (DPS) Q2 2017 Results – Earnings Call Transcript” with publication date: July 27, 2017.

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