NEW YORK (TheStreet) -- Shares of Keurig Green Mountain (GMCR) are up 2.02% to $157.62 after the company's price target, fiscal 2015 EPS and revenue estimates were raised at Canaccord Genuity earlier on Tuesday.
The firm boosted the price target to $168 from $134 for the American specialty coffee and coffeemaker company.
Canaccord also raised the fiscal 2015 EPS estimate to $4.10 from $3.92, and the fiscal 2015 revenue estimate to $5.31 billion from $5.11 billion.
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The firm reiterated its "buy" rating and said new K-cup deals should drive fiscal 2015 guidance.
"We expect will be an acceleration of revenue and earnings growth, despite incremental investments ahead, given multiple new branded and private label K-cup," said Canaccord analysts Scott Van Winkle and Mark Sigal.
Separately, TheStreet Ratings team rates KEURIG GREEN MOUNTAIN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KEURIG GREEN MOUNTAIN INC (GMCR) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."