Canaccord Raises Price Target on Keurig Green Mountain, Inc. (NASDAQ:GMCR)

[The Fly] Canaccord raised its price target on Keurig Green Mountain, Inc. (NASDAQ:GMCR) to $168 from $134 on expectations of an acceleration of revenue and earnings growth given multiple new branded and private label K-cups. Canaccord reiterates its Buy rating on Keurig Green Mountain shares.

There are currently eighteen analysts that we track that cover Keurig Green Mountain, Inc. (NASDAQ:GMCR).  Of those eighteen, eight have a Buy rating, eight have a hold rating and two have sell rating. On a consensus basis this yields a score of 2.33 and a Hold.  The combined price objective of these covering analysts is $117.31, which represents a 11.96% downside difference to the last closing price.

A recent analyst activity consisted of Goldman Sachs Initiated Coverage with buy stance on the company. Goldman Sachs has a price target of $166.00 which represents an upside of 24.58% from the last closing price.  On the date of the report, the stock closed at $133.25

Another research firm weighing in recently was Williams Capital who Boosted Price Target with Buy stance on the stock.  On August 21st Williams Capital upgraded their price target on the stock to $131.00, or a 11.25% upside to the current price.  On the day of the report, GMCR shares closed at $117.75.

Keurig Green Mountain, Inc. (NASDAQ:GMCR) is engaged in the specialty coffee and coffeemaker businesses in the United States and Canada. The company operates through two segments, Domestic and Canada. The company sources, produces, and sells approximately 290 varieties of coffee, hot cocoa, teas, and other beverages in K-Cup and Vue portion packs; and coffee in traditional packaging, including whole bean and ground coffee selections in bags, and ground coffee in fractional packs. It also produces and sells other specialty beverages, such as hot apple ciders, hot and iced teas, iced coffees, iced fruit brews etc.

Canaccord Raises Price Target on Keurig Green Mountain, Inc. (NASDAQ:GMCR) was last modified: November 19th, 2014 by Seth Talluto

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