Diageo Stock – Analysts Offer Predictions for Diageo plc’s FY2021 Earnings (NYSE:DEO)
Diageo plc (NYSE:DEO) – Research analysts at Jefferies Financial Group boosted their FY2021 earnings estimates for shares of Diageo in a report released on Monday, May 24th. Jefferies Financial Group analyst E. Mundy now anticipates that the company will post earnings of $6.52 per share for the year, up from their prior estimate of $6.21. Jefferies Financial Group also issued estimates for Diageo’s FY2022 earnings at $7.28 EPS and FY2023 earnings at $8.17 EPS.
A number of other research firms have also recently issued reports on DEO. Citigroup reaffirmed a “neutral” rating on shares of Diageo in a report on Thursday, May 13th. Berenberg Bank reaffirmed a “hold” rating on shares of Diageo in a research report on Friday, May 14th. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a report on Thursday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Diageo in a report on Thursday, May 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Diageo in a report on Thursday, May 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $154.33.
DEO stock opened at $192.14 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 1.72. Diageo has a 52 week low of $127.12 and a 52 week high of $192.88. The stock has a market capitalization of $112.39 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.74 and a beta of 0.67. The firm has a 50 day moving average of $181.47 and a 200 day moving average of $166.27.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McCarthy Asset Management Inc. acquired a new stake in shares of Diageo in the fourth quarter valued at about $29,000. Safeguard Investment Advisory Group LLC acquired a new stake in Diageo in the 4th quarter valued at about $33,000. Baron Silver Stevens Financial Advisors LLC purchased a new position in Diageo in the 4th quarter worth approximately $34,000. Albion Financial Group UT acquired a new position in shares of Diageo during the 4th quarter worth approximately $35,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Diageo in the fourth quarter valued at approximately $36,000. 9.27% of the stock is owned by institutional investors.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaÃ§a, spirits, and brandy, as well as beer, including cider and non-alcoholic products.
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