Coca-Cola Rating Reiterated by TheStreet (KO)
Coca-Cola (NYSE:KO)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Tuesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Coca-Cola (KO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. 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 stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Coca-Cola (NYSE:KO) opened at 38.71 on Tuesday. Coca-Cola has a one year low of $36.54 and a one year high of $43.43. The stock has a 50-day moving average of $39.95 and a 200-day moving average of $39.46. The company has a market cap of $170.9 billion and a P/E ratio of 20.08.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Thursday, January 23rd. They now have a $42.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.08.
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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