Coca-Cola FEMSA SAB (KOF) Trading Down 3.1%
Coca-Cola FEMSA SAB (NYSE:KOF) fell 3.1% on Friday . The company traded as low as $76.01 and last traded at $76.62, with a volume of 68,541 shares. The stock had previously closed at $79.04.
A number of brokerages have weighed in on KOF. Scotiabank restated a “sector perform” rating and issued a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a report on Thursday. Zacks Investment Research upgraded shares of Coca-Cola FEMSA SAB from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Citigroup Inc. cut shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $76.50 to $73.00 in a report on Sunday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the stock a “neutral” rating in a 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.38.
The company’s 50 day moving average price is $79.12 and its 200-day moving average price is $79.52. The stock has a market cap of $15.90 billion and a PE ratio of 29.64.
Coca-Cola FEMSA SAB (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.71. On average, equities analysts forecast that Coca-Cola FEMSA SAB will post $3.75 EPS 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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