UBS Raises PT and Estimates on Dr Pepper Snapple (DPS); Thesis Is Still Limited Upside
Tweet Send to a FriendGet Alerts DPS Hot Sheet
Price: $49.25 -0.69%
Rating Summary:
1 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade DPS Now!
UBS reiterates a 'Neutral' on Dr Pepper Snapple (NYSE: DPS) price target of $45.00 (from $43.00).
Analyst, Kaumil S. Gajrawala, said, "We are increasing our 2012 EPS estimate to $2.95 (from $2.93), to reflect: 1) the $0.03 EPS beat in 2Q, and 2) an improving commodity cost outlook (flat in 3Q, up 3% in 4Q) offset by a higher tax rate in the back half. We are forecasting flat volumes with 3% pricing. COGS inflation is expected to be +2%, resulting in slight gross margin expansion." (FY13 from $3.28 to $3.32)
Keeps Neutral rating as management continues making the right moves/strategy, however, still negative n-t volumes and increasing competitive marketplace.
For an analyst ratings summary and ratings history on Dr Pepper Snapple click here. For more ratings news on Dr Pepper Snapple click here.
Shares of Dr Pepper Snapple closed at $44.66 yesterday, with a 52 week range of $34.37-$44.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Kaumil S. Gajrawala, said, "We are increasing our 2012 EPS estimate to $2.95 (from $2.93), to reflect: 1) the $0.03 EPS beat in 2Q, and 2) an improving commodity cost outlook (flat in 3Q, up 3% in 4Q) offset by a higher tax rate in the back half. We are forecasting flat volumes with 3% pricing. COGS inflation is expected to be +2%, resulting in slight gross margin expansion." (FY13 from $3.28 to $3.32)
Keeps Neutral rating as management continues making the right moves/strategy, however, still negative n-t volumes and increasing competitive marketplace.
For an analyst ratings summary and ratings history on Dr Pepper Snapple click here. For more ratings news on Dr Pepper Snapple click here.
Shares of Dr Pepper Snapple closed at $44.66 yesterday, with a 52 week range of $34.37-$44.85.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Deutsche Bank Takes Aegerion (AEGR) Price Target from $52 to $85
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
