Coca-Cola Receives Buy Rating from TheStreet (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Sunday, StockRatingsNetwork.com 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.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Friday, October 18th. They now have a $40.00 price target on the stock. Separately, 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, October 16th. They now have an “overweight” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Coca-Cola currently has an average rating of “Hold” and an average target price of $44.27.
Shares of Coca-Cola (NYSE:KO) opened at 39.03 on Friday. Coca-Cola has a 1-year low of $35.58 and a 1-year high of $43.43. The stock has a 50-day moving average of $39.14 and a 200-day moving average of $40.40. The company has a market cap of $172.4 billion and a P/E ratio of 20.11.
Coca-Cola (NYSE:KO) last released its earnings data on Tuesday, October 15th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Coca-Cola will post $2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 27th.
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.
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.