The stock of Dr Pepper Snapple Group Inc. (NYSE:DPS) hit a new 52-week low and has $77.89 target or 9.00% below today’s $85.59 share price. The 6 months bearish chart indicates high risk for the $15.88 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $77.89 price target is reached, the company will be worth $1.43B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 626,192 shares traded hands. Dr Pepper Snapple Group Inc. (NYSE:DPS) has declined 1.58% since April 7, 2016 and is downtrending. It has underperformed by 6.36% the S&P500.
Dr Pepper Snapple Group Inc. (NYSE:DPS) Ratings Coverage
Out of 13 analysts covering Dr Pepper Snapple (NYSE:DPS), 6 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 46% are positive. Dr Pepper Snapple has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Dr Pepper Snapple Group Inc. (NYSE:DPS) on Friday, October 23 with “Hold” rating. On Friday, October 28 the stock rating was maintained by UBS with “Neutral”. The rating was downgraded by Zacks to “Buy” on Tuesday, August 25. The stock of Dr Pepper Snapple Group Inc. (NYSE:DPS) earned “Outperform” rating by Credit Suisse on Friday, September 16. Credit Agricole upgraded Dr Pepper Snapple Group Inc. (NYSE:DPS) on Friday, January 22 to “Outperform” rating. The firm has “Outperform” rating by CLSA given on Friday, January 22. Zacks downgraded the shares of DPS in a report on Monday, September 7 to “Hold” rating. RBC Capital Markets upgraded Dr Pepper Snapple Group Inc. (NYSE:DPS) rating on Tuesday, October 27. RBC Capital Markets has “Sector Perform” rating and $90 price target. On Thursday, February 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Dr Pepper Snapple Group Inc. (NYSE:DPS) earned “Neutral” rating by UBS on Friday, October 23.
According to Zacks Investment Research, “DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices, ready to drink teas, mixers and other premium beverages across the United States, Canada, Mexico and the Caribbean.”
More recent Dr Pepper Snapple Group Inc. (NYSE:DPS) news were published by: Reuters.com which released: “Exclusive: Dr Pepper Snapple in talks to buy Bai Brands – sources” on October 26, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Harley-Davidson, Dr Pepper Snapple Group and Best Buy” on September 07, 2016. Equitiesfocus.com‘s news article titled: “Dr Pepper Snapple Group, Inc (NYSE:DPS) PEG Ratio At 2.07” with publication date: November 09, 2016 was also an interesting one.
DPS Company Profile
Dr Pepper Snapple Group, Inc., incorporated on October 24, 2007, is an owner, maker and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company’s products consist 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 Firm operates under three divisions: Beverage Concentrates, Packaged Beverages and Latin America Beverages. The Company’s brands include Dr Pepper, Canada Dry, Crush, Schweppes, Sunkist soda, 7UP, A&W, Sun Drop, RC Cola, Squirt, Diet Rite, Vernors and the concentrate form of Hawaiian Punch. The Firm distributes finished beverages and makes beverage concentrates and fountain syrups. The Firm operates over 20 manufacturing facilities across the United States and Mexico. The Firm caters to bottlers and distributors, retailers, food service and convenience store customers.
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