Coca-Cola’s “Buy” Rating Reaffirmed at TheStreet (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued 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 growth in earnings per share, notable return on equity, good cash flow from operations, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Coca-Cola (NYSE:KO) opened at 40.46 on Friday. Coca-Cola has a 52-week low of $36.52 and a 52-week high of $43.43. The stock has a 50-day moving average of $40.17 and a 200-day moving average of $39.5. The company has a market cap of $178.7 billion and a price-to-earnings ratio of 21.08.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter 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.
A number of other firms have also recently commented on KO. Analysts at Janney Montgomery Scott initiated coverage on shares of Coca-Cola in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of Coca-Cola in a research note to investors on Monday, December 2nd. They set a “sell” rating and a $34.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Coca-Cola in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.92.
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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