TheStreet reissued their buy rating on shares of Coca-Cola (NYSE:KO) in a research report sent to investors on Friday morning, Analyst Ratings News reports.
“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 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.,” the firm’s analyst wrote.
KO has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Zacks reiterated a neutral rating on shares of Coca-Cola in a research note to investors on Friday, October 18th. They now have a $40.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Coca-Cola presently has an average rating of Hold and an average target price of $43.92.
Coca-Cola (NYSE:KO) traded down 0.02% on Friday, hitting $40.45. The stock had a trading volume of 5,709,170 shares. Coca-Cola has a 52 week low of $35.58 and a 52 week high of $43.43. The stock’s 50-day moving average is $39.83 and its 200-day moving average is $39.68. The company has a market cap of $178.6 billion and a price-to-earnings ratio of 20.97.
Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 15th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Coca-Cola will post $2.09 earnings per share for the current fiscal year.
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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