The Coca-Cola Company Receives “Outperform” Rating from Credit Suisse (KO)
The Coca-Cola Company (NYSE:KO)‘s stock had its “outperform” rating reissued by Credit Suisse in a research note issued on Monday. They currently have a $46.00 price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 12.52% from the stock’s previous close.
Shares of The Coca-Cola Company (NYSE:KO) opened at 40.88 on Monday. The Coca-Cola Company has a 1-year low of $36.83 and a 1-year high of $42.57. The stock’s 50-day moving average is $41.02 and its 200-day moving average is $39.91. The company has a market cap of $179.3 billion and a P/E ratio of 21.86. The Coca-Cola Company also saw unusually large options trading on Friday. Traders acquired 27,100 call options on the stock. This is an increase of 143% compared to the average daily volume of 11,168 call options.
The Coca-Cola Company (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.82 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that The Coca-Cola Company will post $2.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, September 11th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “positive” rating on shares of The Coca-Cola Company in a research note on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Thursday. They now have a $42.00 price target on the stock. Finally, analysts at Societe Generale downgraded shares of The Coca-Cola Company from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The Coca-Cola Company has an average rating of “Hold” and a consensus price target of $45.30.
The Coca-Cola Company 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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