Coca Cola’s “Buy” Rating Reaffirmed at TheStreet (KO)
Coca Cola (NYSE: KO)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday.
The analysts wrote, “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 revenue growth, increase in stock price during the past year, growth in earnings per share, notable return on equity and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Coca Cola (NYSE: KO) opened at 38.83 on Monday. Coca Cola has a 1-year low of $34.965 and a 1-year high of $40.665. The stock’s 50-day moving average is currently $38.16. The company has a market cap of $173.1 billion and a price-to-earnings ratio of 19.71.
Coca Cola (NYSE: KO) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $11.46 million for the quarter, compared to the consensus estimate of $11.55 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Coca Cola will post $2.14 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Coca Cola in a research note to investors on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Coca Cola in a research note to investors on Thursday. They now have a $43.00 price target on the stock. Finally, analysts at Credit Agricole upgraded shares of Coca Cola from an “underperform” rating to an “outperform” rating in a research note to investors on Thursday.
Nine investment analysts have rated the stock with a buy rating, three have issued an overweight rating, and ten have issued a hold rating to the company. Coca Cola presently has an average rating of “overweight” and a consensus price target of $42.06.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, March 13th. This is a positive change from Coca Cola’s previous quarterly dividend of $0.26.
The Coca-Cola Company 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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