Bank of America Corp. reaffirmed their neutral rating on shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) in a report issued on Monday, Stock Ratings Network.com reports. They currently have a $75.00 target price on the stock.
“GMCR plans to report F4Q13 results after the market closes on 11/20/13. We are forecasting EPS of $0.70 driven by sales growth of +0.6% (+5% y/y single serve packs, -5% y/y brewers, and -15% other products and royalties) and note that 4Q prior year comparisons are negatively impacted by comparing to a 53rd week in FY12. Gross margins are forecasted to be 37.9% (up +450bps vs. F4Q12), largely due to favorable coffee costs. Operating margins are forecasted to be 18.7% (up +210bps vs. F4Q12). GMCR shares have underperformed the market since the investor day on 9/10/13. In our view the stock has been pressured by 1) softening K-Cup trends (sales growth, market share, heightened promotions), 2) lack of significant news flow regarding new partners and 3) skepticism regarding the transition to Keurig 2.0.,” Bank of America Corp.’s analyst wrote.
A number of other firms have also recently commented on GMCR. Analysts at KeyCorp reiterated a buy rating on shares of Green Mountain Coffee Roasters in a research note to investors on Friday. They now have a $100.00 price target on the stock. Separately, analysts at Argus downgraded shares of Green Mountain Coffee Roasters from a buy rating to a hold rating in a research note to investors on Thursday, October 24th. Finally, analysts at Zacks reiterated an outperform rating on shares of Green Mountain Coffee Roasters in a research note to investors on Thursday, October 17th. They now have a $80.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $83.58.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded down 1.66% during mid-day trading on Monday, hitting $62.36. The stock had a trading volume of 1,365,697 shares. Green Mountain Coffee Roasters has a one year low of $27.54 and a one year high of $89.66. The stock’s 50-day moving average is $65.60 and its 200-day moving average is $74.22. The company has a market cap of $9.400 billion and a price-to-earnings ratio of 21.83.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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