Coca-Cola FEMSA SAB (KOF) Stock Price Up 2.6%
Coca-Cola FEMSA SAB (NYSE:KOF) rose 2.6% on Thursday . The company traded as high as $78.86 and last traded at $78.21, with a volume of 85,006 shares changing hands. The stock had previously closed at $76.24.
KOF has been the topic of a number of research analyst reports. Citigroup Inc. downgraded Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and reduced their target price for the company from $76.50 to $73.00 in a report on Sunday. Zacks Investment Research downgraded Coca-Cola FEMSA SAB from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Friday, June 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have 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 $94.88.
The company has a market capitalization of $16.25 billion and a price-to-earnings ratio of 28.90. The stock has a 50-day moving average of $80.13 and a 200 day moving average of $77.89.
Coca-Cola FEMSA SAB (NYSE:KOF) last issued its 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. On average, equities research analysts anticipate that Coca-Cola FEMSA SAB will post $3.21 earnings per share for the current year.
Coca-Cola FEMSA, SAB. de C.V. is a beverage company. The Company produces and distributes Coca-Cola, Fanta, Sprite, del Valle and other beverages of The Coca-Cola Company. Its operating segments include Mexico and Central America division, which includes Mexico, Guatemala, Nicaragua, Costa Rica and Panama, and the South America division, which includes Brazil, Argentina, Colombia and Venezuela.
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