Credit Agricole Raises PepsiCo to Outperform (PEP)
Several other analysts have also recently commented on the stock. Analysts at CLSA upgraded shares of PepsiCo from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Morgan Stanley (NYSE: MS) upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, May 7th. They now have a $77.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of PepsiCo from $64.00 to $66.00 in a research note to investors on Sunday, April 29th. They now have a “neutral” rating on the stock.
Shares of PepsiCo traded up 0.31% during mid-day trading on Wednesday, hitting $68.96. PepsiCo has a one year low of $58.50 and a one year high of $71.89. The company has a market cap of $107.9 billion and a P/E ratio of 17.03.
PepsiCo last announced its earnings results on Thursday, April 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that PepsiCo will post $1.21 earnings per share next quarter.
PepsiCo, Inc. (PepsiCo) is a global food, snack and beverage company. The Company’s brands include Quaker Oats, Tropicana, Gatorade, Lay’s, Pepsi, Walkers, Gamesa and Sabritas.