Coca-Cola FEMSA SAB (KOF) Sees Unusually-High Trading Volume
Coca-Cola FEMSA SAB (NYSE:KOF) saw strong trading volume on Monday . 104,108 shares changed hands during trading, an increase of 65% from the previous session’s volume of 62,958 shares.The stock last traded at $77.05 and had previously closed at $74.54.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a research report on Friday, June 3rd. Zacks Investment Research cut shares of Coca-Cola FEMSA SAB from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. cut shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $76.50 to $73.00 in a research report on Sunday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $96.00.
The stock has a market cap of $15.95 billion and a price-to-earnings ratio of 30.82. The stock has a 50 day moving average price of $79.49 and a 200 day moving average price of $78.39.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.71. On average, equities research analysts expect that Coca-Cola FEMSA SAB will post $3.82 earnings per share for the current year.
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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