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 âsector performanceâ rating to an âoutperformanceâ 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 âbuyâ rating to a âneutralâ rating in a research report on Tuesday, January 5. Finally, JPMorgan Chase & Co. reduced the shares of The Coca-Cola from an âoverweightâ rating to a âneutralâ 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.
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.
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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