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Are Things Good Again at Green Mountain Again?… Analyst Upgrade (GMCR)

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By Jon C. Ogg Published
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When we compiled our daily analyst upgrades and downgrades this morning, it was impossible not to notice that Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) was raised to Outperform from Neutral.  More important is that it was named the Bull of the Day by the independent research shop after an impressive earnings report for its first quarter.  The thought is that 233% earnings growth was even higher than the independent research firm’s consensus estimate by about 66%.  A strong holiday season met strong Keurig Single-Cup Brewing System sales as the company used effective marketing and aggressive promotions.  Zacks also went on to note that Green Mountain is expanding new brand relationships and attracting new consumers. 

With shares up marginally at $66.45, Zacks has a $81.00 price target based on just over 30-times expected earnings.  Green Mountain has a market cap of $10.3 billion today and its 52-week trading range is $39.42 to $115.98.  Thomson Reuters has a consensus price target objective of $89.00 for the stock. 

FULL ZACKS DETAILS

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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