Morgan Stanley Raises Dr Pepper Snapple Group to Equal Weight (DPS)

By admin | 6 years ago

Dr Pepper Snapple Group (NYSE: DPS) was upgraded by equities researchers at Morgan Stanley (NYSE: MS) from an “underweight” rating to an “equal weight” rating in a report issued on Monday.

Dr Pepper Snapple Group traded up 0.43% on Monday, hitting $39.99. Dr Pepper Snapple Group has a 1-year low of $34.37 and a 1-year high of $43.13. The company has a market cap of $8.471 billion and a price-to-earnings ratio of 14.58.

Dr Pepper Snapple Group last released its earnings data on Wednesday, April 25th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.02. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Dr Pepper Snapple Group will post $0.79 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note to investors on Thursday, April 26th. They now have a $41.00 price target on the stock. Separately, analysts at Davenport upgraded shares of Dr Pepper Snapple Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 26th.

Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a varied portfolio of flavored (non-cola) carbonated soft drinks (CSD) and non-carbonated beverages (NCB), including ready-to-drink teas, juices, juice drinks and mixers.

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