TheStreet Reiterates “Buy” Rating for Coca-Cola (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Tuesday, AnalystRatings.NET 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 lackluster performance in the stock itself.”
Shares of Coca-Cola (NYSE:KO) traded up 0.10% during mid-day trading on Tuesday, hitting $37.088. 4,715,145 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’s 50-day moving average is $38.36 and its 200-day moving average is $40.3. The company has a market cap of $164.4 billion and a P/E ratio of 19.51.
Coca-Cola (NYSE:KO) last announced its earnings results 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 in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.
KO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Wednesday, October 2nd. They now have a $43.00 price target on the stock. Separately, analysts at Credit Agricole downgraded shares of Coca-Cola from an “outperform” rating to an “underperform” rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Wednesday, August 14th. 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’s stock. Coca-Cola has an average rating of “Hold” and a consensus price target 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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