Coca-Cola FEMSA SAB (KOF) Trading 1.4% Higher
Coca-Cola FEMSA SAB (NYSE:KOF) shares traded up 1.4% during mid-day trading on Wednesday . The company traded as high as $79.54 and last traded at $79.21, with a volume of 53,288 shares trading hands. The stock had previously closed at $78.13.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Coca-Cola FEMSA SAB from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Citigroup Inc. downgraded shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and cut their target price for the company from $76.50 to $73.00 in a research report on Sunday, July 24th. Finally, JPMorgan Chase & Co. upped their target price 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Coca-Cola FEMSA SAB has an average rating of “Hold” and an average price target of $96.00.
The stock has a 50 day moving average price of $79.18 and a 200-day moving average price of $79.46. The firm has a market capitalization of $16.42 billion and a price-to-earnings ratio of 30.69.
Coca-Cola FEMSA SAB (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.71. Equities analysts anticipate that Coca-Cola FEMSA SAB will post $3.75 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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