Coca-Cola FEMSA SAB (KOF) Shares Up 2%
Coca-Cola FEMSA SAB (NYSE:KOF) shot up 2% during mid-day trading on Thursday . The stock traded as high as $77.17 and last traded at $75.99, with a volume of 110,916 shares traded. The stock had previously closed at $74.48.
Several brokerages have recently issued reports on KOF. Zacks Investment Research raised Coca-Cola FEMSA SAB from a “sell” rating to a “hold” rating in a report on Friday, August 19th. JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the stock a “neutral” rating in a report on Friday, June 3rd. Citigroup Inc. cut Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $76.50 to $73.00 in a research note on Sunday, July 24th. Finally, Scotiabank reissued a “sector perform” rating and set a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Coca-Cola FEMSA SAB currently has an average rating of “Hold” and an average target price of $88.38.
The firm has a market capitalization of $15.84 billion and a price-to-earnings ratio of 30.00. The stock’s 50-day moving average is $78.52 and its 200 day moving average is $79.71.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.71. Equities research analysts forecast that Coca-Cola FEMSA SAB will post $3.79 EPS 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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