Keurig Green Mountain Inc (NASDAQ:GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, is proud to report it has been ranked 14th among the 500 largest publicly-traded U.S. companies on environmental performance in a study done for Newsweek magazine. Keurig jumped to #14 from its #132 ranking in 2014.
The Newsweek Green Rankings are one of the world’s most recognized assessments of corporate environmental performance. Based on research from Corporate Knights Capital, along with a “Green Revenue” score powered by HIP (Human Impact + Profit) Investor Inc., the project features eight indicators that are used to assess and measure environmental performance.
“Sustainability is an essential and integral element of Keurig’s culture, values, and business performance,” says Monique Oxender, Keurig’s Chief Sustainability Officer. “Newsweek’s Green Rankings recognize our environmental accomplishments, with a focus on the efficient use of resources in our operations. We’re pleased to be rated highly amid so many large and respected companies, and it inspires us to continue to tackle the challenges that lie ahead.” (Original Source)
Shares of Green Mountain opened today at $86.02 and are currently trading down at $84.4. GMCR has a 1-year high of $158.87 and a 1-year low of $82.42. The stock’s 50-day moving average is $100.15 and its 200-day moving average is $120.14.
On the ratings front, Green Mountain has been the subject of a number of recent research reports. In a report issued on June 5, Morgan Stanley analyst Matthew Grainger maintained a Buy rating on GMCR, with a price target of $130, which implies an upside of 51.1% from current levels. Separately, on May 29, Wedbush’s Philip Terpolilli initiated coverage with a Hold rating on the stock and has a price target of $100.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matthew Grainger and Philip Terpolilli have a total average return of 9.3% and -0.5% respectively. Grainger has a success rate of 48.5% and is ranked #1078 out of 3612 analysts, while Terpolilli has a success rate of 54.5% and is ranked #2734.
The street is mostly Neutral on GMCR stock. Out of 10 analysts who cover the stock, 5 suggest a Hold rating , 4 suggest a Buy and one recommend to Sell the stock. The 12-month average price target assigned to the stock is $141.67, which represents a potential upside of 64.7% from where the stock is currently trading.
Keurig Green Mountain Inc is engaged in the coffee and coffeemaker businesses in the United States and Canada. It sells Keurig Single Cup brewers and roast high-quality Arabica bean coffees.