Pepsico (PEP) : 12 analysts are covering Pepsico (PEP) and their average rating on the stock is 1.46, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Pepsico (PEP) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Pepsico (PEP) : Average target price received by Pepsico (PEP) is $120.57 with an expected standard deviation of $3.1. The most aggressive target on the stock is $124, whereas the most downbeat target is $115. 7 financial analysts are currently covering the stock.
Also, Equity Analysts at the Goldman Sachs maintains the rating on Pepsico (NYSE:PEP). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $105 per share to $104 per share. The rating by the firm was issued on June 29, 2016.
Pepsico (NYSE:PEP): After opening at $104.95, the stock dipped to an intraday low of $104.7 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $105.72 and the buying power remained strong till the end. The stock closed at $105.48 for the day, a gain of 0.41% for the day session. The total traded volume was 3,900,202. The stocks close on the previous trading day was $105.05.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa. Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.