Stock to Watch: Keurig Green Mountain Inc (NASDAQ:GMCR)

[The Street] Keurig Green Mountain Inc (NASDAQ:GMCR) is identified as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Keurig Green Mountain as such a stock due to the following factors:

• GMCR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $253.9 million.
• GMCR has traded 13,403 shares today.
• GMCR is trading at a new lifetime high.

Stock PerformanceTaking a look at the company’s recent performance, Keurig Green Mountain, Inc reported third quarter earnings for fiscal 2014 on June 08^th. The company reported actual earnings per share of $0.99 against the consensus Street estimate of $0.88. This represents year over year growth of 17.17%. Keurig Green Mountain, Inc posted revenue of $1.02billion against estimates of $1.05billion.Keurig Green Mountain Inc (NASDAQ:GMCR) is currently valued at $23.07 billion and closed the last trading session at $145.12. The stock has a 50-day moving average of $105.01 and a 200-day moving average of $85.59.

Is this a Buying Opportunity?There are currently eighteen analysts that we track that cover the stock. Of those eighteen, eight have a Buy rating, eight have a hold rating and two have sell rating. On a consensus basis this yields a score of 2.33 and a Hold. The combined price objective of these covering analysts is $117.31, which represents a 11.96% downside difference to the last closing price.The most recent analyst activity consisted of Goldman SachsInitiated Coverage with buy stance on the company. Goldman Sachs has a price target of $166.00 which represents an upside of 24.58% from the last closing price. On the date of the report, the stock closed at $133.25Another research firm weighing in recently was Williams Capital who Boosted Price Target with Buy stance on the stock. On August 21^st Williams Capital upgraded their price target on the stock to $131.00, or a 11.25% upside to the current price. On the day of the report, GMCRshares closed at $117.75.Company ProfileKeurig Green Mountain, Inc. is engaged in the specialty coffee and coffeemaker businesses in the United States and Canada. The company operates through two segments, Domestic and Canada. The company sources, produces, and sells approximately 290 varieties of coffee, hot cocoa, teas, and other beverages in K-Cup and Vue portion packs; and coffee in traditional packaging, including whole bean and ground coffee selections in bags, and ground coffee in fractional packs. It also produces and sells other specialty beverages, such as hot apple ciders, hot and iced teas, iced coffees, iced fruit brews etc.