Dr Pepper Snapple Downgraded to “Underperform” at Credit Agricole (DPS)

By
A A A
Share |

Beverage maker Dr Pepper Snapple Group Inc.( DPS ) late Thursday caught a downgrade from analysts at Credit Agricole.

The firm cut its rating on DPS all the way from "Outperform" to "Underperform" and reduced its price target from $45 to $37. That new target represents a small 7% upside to the stock's Thursday closing price of $34.60.

Dr Pepper Snapple shares rose 48 cents, or +1.4%, in premarket trading Friday.

The Bottom Line
We had removed shares of DPS back on Aug.24, when the stock was trading at $36.53. The company has a 2.89% dividend yield, based on last night's closing stock price of $34.60. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $36-$38 price levels. We would remain on the sidelines for now.

Dr Pepper Snapple Group Inc.( DPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DPS

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

WSJ’s House of the Week
WSJ’s House of the Week             

Stocks

Referenced

100%

Most Active by Volume

58,707,995
  • $25.98 ▼ 1.81%
55,057,148
  • $15.52 ▲ 0.19%
48,580,535
  • $69.40 ▲ 1.43%
48,253,528
  • $28.33 ▲ 5.00%
37,923,248
  • $93.939 ▼ 0.52%
37,174,627
  • $44.835 ▲ 0.32%
32,656,684
  • $3.78 ▼ 1.31%
31,770,654
  • $34.06 ▲ 1.07%
As of 7/21/2014, 04:08 PM