Coca-Cola FEMSA SAB (KOF) Trading 2% Higher
Coca-Cola FEMSA SAB (NYSE:KOF) shares traded up 2% during trading on Thursday . The stock traded as high as $77.17 and last traded at $75.99, with a volume of 110,916 shares. The stock had previously closed at $74.48.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Coca-Cola FEMSA SAB from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, July 29th. 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 research report on Friday, June 3rd. Scotiabank reiterated a “sector perform” rating and issued a $139.00 target price on shares of Coca-Cola FEMSA SAB in a research report on Thursday, August 25th. Finally, Citigroup Inc. lowered Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $76.50 to $73.00 in a research report on Sunday, July 24th. Two equities 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $88.38.
The firm has a market cap of $15.75 billion and a PE ratio of 29.37. The firm’s 50 day moving average is $78.77 and its 200 day moving average is $79.74.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.71. On average, analysts expect that Coca-Cola FEMSA SAB will post $3.79 earnings per share 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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