Green Mountain Coffee Roasters Rating Lowered to Neutral at SunTrust (GMCR)

By admin | 6 years ago

Green Mountain Coffee Roasters (NASDAQ: GMCR) was downgraded by investment analysts at SunTrust (NYSE: STI) from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday.

Shares of Green Mountain Coffee Roasters traded down 2.98% during mid-day trading on Thursday, hitting $25.10. Green Mountain Coffee Roasters has a 52 week low of $24.40 and a 52 week high of $115.98. The company has a market cap of $3.896 billion and a P/E ratio of 12.43.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.64 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.63 EPS by $0.01. The company’s quarterly revenue was up 36.7% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $0.71 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Monday, March 12nd. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Friday, March 9th. Finally, analysts at Bank of America (NYSE: BAC) downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note to investors on Friday, March 9th. They now have a $63.00 price target on the stock.

Green Mountain Coffee Roasters, Inc. (GMCR) is engaged in the specialty coffee and coffee maker businesses.

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