Coca-Cola FEMSA Rating Increased to Sector Perform at Scotiabank (KOF)
Coca-Cola FEMSA (NYSE:KOF) was upgraded by research analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $152.00 target price on the stock, down from their previous target price of $155.00. Scotiabank’s price target indicates a potential upside of 24.08% from the stock’s previous close.
Coca-Cola FEMSA (NYSE:KOF) traded up 2.07% during mid-day trading on Tuesday, hitting $122.50. 180,233 shares of the company’s stock traded hands. Coca-Cola FEMSA has a 1-year low of $117.49 and a 1-year high of $181.35. The stock has a 50-day moving average of $139. and a 200-day moving average of $152.2. The company has a market cap of $25.393 billion and a price-to-earnings ratio of 23.68.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 5th. Separately, analysts at Zacks upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $145.10 price target on the stock. Finally, analysts at Zacks downgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, July 4th. They now have a $139.30 price target on the stock.
One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $149.03.
Coca-Cola FEMSA, SAB. de C.V. (NYSE:KOF) is a bottler of Coca-Cola trademark beverages in Latin America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.