TheStreet Reiterates “Buy” Rating for Coca-Cola (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday, Analyst RN 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 0.05% during mid-day trading on Friday, hitting $38.57. 5,978,577 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 $38.21 and a 200-day moving average of $40.21. The company has a market cap of $170.3 billion and a price-to-earnings ratio of 19.98.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.01. The company had revenue of $12.03 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter last year, the company posted $0.51 earnings per share. Coca-Cola’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that Coca-Cola will post $2.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.91%.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Coca-Cola from $46.00 to $43.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets cut their EPS estimates on shares of Coca-Cola in a research note on Wednesday. They now have a “market perform” rating and a $44.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.45.
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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