Keurig Green Mountain Inc (NASDAQ:GMCR) near 52-week low, short interest increasing

Keurig Green Mountain Inc (NASDAQ:GMCR) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $86.24, down by -2.24%, with a volume of 2,520,145 shares against an average volume for the last 3 months of 2,055,640.

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Keurig Green Mountain Inc (NASDAQ:GMCR) is currently trading 45.72% below its 52-week-high, 0.06% above its 52-week-low. The 1-year range for the stock is $86.19 – $158.87. Keurig Green Mountain Inc (GMCR) has a price to earnings ratio of 24 versus Consumer Goods sector average of 43.45. GMCR stock price has underperformed the Nasdaq by 41.2%. The Coffee company is currently valued at $13.28 billion and its share price closed the last trading session at $86.24. The stock has a 50-day moving average of $104.9 and a 200-day moving average of $123.45.

Keurig Green Mountain Inc (GMCR) current short interest stands at 7.96 million shares. It has increased by 13% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.36 million shares, the number of days required to cover the short positions stand at 3.4 days.

GMCR reported last quarter earnings on May 06. The Coffee company announced earnings per share of $1.03 against a consensus Street estimate of $1.05, missing estimate by $0.02. This corresponds to an increase of $0.16 compared to the same quarter of the previous fiscal year.

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There are currently nineteen analysts that cover GMCR stock. Of those nineteen, eight have a Buy rating, nine have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $121.77.

The most recent analyst activity consisted of Wedbush who initiated their coverage on the stock with Neutral rating on May 29. Wedbush fixed their price target at $100. This corresponds to a 15.96% upside from the last closing price. On the date of report, the stock closed at $86.24.

Another research firm was Canaccord Genuity who reiterated their Buy stance on May 7. Canaccord Genuity decreased price target from $139 to $120. This translates to a 39.15% upside from the last closing price. On the date of report, the stock closed at $98.16.

Company profile

Keurig Green Mountain Inc is a specialty coffee and coffee maker business. The Company provides Keurig single-cup brewing systems which includes Keurig single cup brewer, K-Cup portion packs used by the system, as well as related accessories. Keurig manages operations through two business segments, the specialty coffee business unit and the Keurig business unit.

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