Coca-Cola stock rating (NYSE: KO) improved by Royal Bank of Canada
Coca-Cola (NYSE: KO) was outclassed by Royal Bank of Canada equity research analysts from a “sector performance†rating to an “outperformance†rating in a research note released Monday, Briefing.com reports. The company currently has a price target of $ 60.00 on the stock, up from its previous price target of $ 55.00. The Royal Bank of Canada’s price target points to a potential rise of 18.13% from the share’s previous close.
A number of other brokerages have also recently commented on KO. Morgan Stanley lowered its price target for The Coca-Cola shares from $ 59.00 to $ 55.00 and set an “overweight” rating on the stock in a research report on Thursday, January 14. Sanford C. Bernstein began covering the shares of The Coca-Cola in a research report on Tuesday, January 19. They issued an “outperform” rating and a price target of $ 58.00 on the stock. Wells Fargo & Company began covering the shares of The Coca-Cola in a research report on Monday, December 7. They issued an “overweight” rating and a price target of $ 62.00 on the stock. Guggenheim downgraded The Coca-Cola’s shares from a “buy†rating to a “neutral†rating in a research report on Tuesday, January 5. Finally, JPMorgan Chase & Co. reduced the shares of The Coca-Cola from an “overweight†rating to a “neutral†rating and set a target price of $ 55.00 for the company. in a report from Thursday, January 7. One equity research analyst rated the stock with a sell rating, six issued a sustaining rating, ten assigned a buy rating, and one assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $ 54.06.
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KO shares opened at $ 50.79 on Monday. Coca-Cola has a 52-week low of $ 36.27 and a 52-week high of $ 55.91. The company’s 50-day mobile average price is $ 49.45, and its 200-day mobile average price is $ 50.67. The company has a market cap of $ 218.87 billion, a P / E ratio of 26.45, a PEG ratio of 5.70 and a beta of 0.58. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt ratio of 1.94.
Coca-Cola (NYSE: KO) last reported its financial results on Tuesday, February 9. The company reported earnings per share of $ 0.47 for the quarter, beating the consensus estimate of $ 0.42 by $ 0.05. Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The company posted revenue of $ 8.60 billion for the quarter, compared to $ 8.62 billion. During the same period of the previous year, the company made EPS of $ 0.44. Company revenues for the quarter were down 5.5% year over year. Research analysts predict that The Coca-Cola will post 1.88 earnings per share for the current year.
A number of large investors have recently bought and sold KO shares. Bellwether Advisors LLC acquired a new stake in shares of The Coca-Cola during the 4th quarter valued at approximately $ 25,000. McClarren Financial Advisors Inc. acquired a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $ 26,000. Your Advocates Ltd. LLP strengthened its position in The Coca-Cola shares by 62.3% in the third quarter. Your Advocates Ltd. LLP now owns 534 shares of the company valued at $ 26,000 after acquiring 205 additional shares in the last quarter. Merrion Investment Management Co LLC acquired a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $ 33,000. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $ 35,000. Hedge funds and other institutional investors own 65.99% of the company’s shares.
About Coca-Cola
The Coca-Cola Company, a beverage company, manufactures, markets and sells a variety of non-alcoholic beverages around the world. The company offers sparkling carbonated drinks; water, improved water and sports drinks; drinks based on juice, dairy products and plants; tea and coffee; and energy drinks. It also offers drink concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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7 stocks to buy for the current real estate boom
The economic recovery has been patchy to date. However, one area that is unquestionably booming is the housing market. But what’s interesting is that it took more than low mortgage rates to convince buyers to take the plunge.
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