Coca-Cola Rating Reiterated by TheStreet (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Thursday, Analyst Ratings Network reports.
The analysts wrote, “Coca-Cola (KO) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Coca-Cola (NYSE:KO) traded up 0.21% during mid-day trading on Thursday, hitting $38.41. 2,763,823 shares of the company’s stock traded hands. Coca-Cola has a 52-week low of $35.58 and a 52-week high of $43.43. The stock has a 50-day moving average of $38.8 and a 200-day moving average of $40.42. The company has a market cap of $170.3 billion and a price-to-earnings ratio of 20.18.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $12.75 billion for the quarter, compared to the consensus estimate of $12.97 billion. During the same quarter last year, the company posted $1.22 earnings per share. Coca-Cola’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Coca-Cola will post $2.10 earnings per share for the current fiscal year.
A number of other firms have also recently commented on KO. Analysts at Credit Agricole downgraded shares of Coca-Cola (NYSE:KO) from an “outperform” rating to an “underperform” rating in a research note to investors on Tuesday, September 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola (NYSE:KO) in a research note to investors on Wednesday, August 14th. They now have a $42.00 price target on the stock. Finally, analysts at Davenport reiterated a “neutral” rating on shares of Coca-Cola (NYSE:KO) in a research note to investors on Friday, July 19th. They now have a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.25.
The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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