Coca-Cola FEMSA SAB (KOF) Trading Up 3.5%
Coca-Cola FEMSA SAB (NYSE:KOF) shares were up 3.5% during mid-day trading on Thursday . The company traded as high as $81.36 and last traded at $80.53, with a volume of 132,342 shares trading hands. The stock had previously closed at $77.79.
A number of research analysts have issued reports on KOF shares. Citigroup Inc. lowered shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and cut their price target for the company from $76.50 to $73.00 in a research note on Sunday, July 24th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA SAB from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a research note on Friday, June 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.00.
The firm has a market cap of $16.51 billion and a price-to-earnings ratio of 31.74. The company’s 50 day moving average is $79.18 and its 200-day moving average is $78.69.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.71. On average, analysts predict that Coca-Cola FEMSA SAB will post $3.75 earnings per share for the current fiscal 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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