Dr Pepper Snapple (NYSE:DPS) Price Target & New Coverage by Deutsche Bank

In a report made public on Thursday, 14 December, Deutsche Bank analyst just has initiated coverage of Dr Pepper Snapple (NYSE:DPS) with “Buy” rating. The target is set to $104.0.

After the coverage NYSE:DPS is at the moment trading -4.67% lower at $85.52 as of 8:17 AM New York time. Dr Pepper Snapple’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has surged 6.00% in the same time.

According to data compiled by Thomson Reuters, Dr Pepper Snapple (NYSE:DPS)’s stock is covered by 17 equity analysts across the Street, with 2 analysts giving it a Sell rating, 4 a Buy rating, while 14 consider it a Hold. The 12-month consensus target price for the stock is $95.65, which reflects an upside potential of 11.85% over the current price.

Dr Pepper Snapple (NYSE:DPS) Profile

Dr Pepper Snapple Group, Inc. is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers. The Company’s segments include Beverage Concentrates, Packaged Beverages and Latin America Beverages.

Dr Pepper Snapple (NYSE:DPS) traded down -4.67% on 14 December, hitting $85.52. A total of shares of the company’s stock traded hands. This is down from average of 1.19M shares. Dr Pepper Snapple has a 52 week low of $81.05 and a 52 week high of $99.47. The company has a market cap of $15.54B and a P/E ratio of 20.53.

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The post Dr Pepper Snapple (NYSE:DPS) Coverage Initiated at Deutsche Bank. The Firm’s TP is $104.0 appeared first on Octafinance.