The Coca-Cola Company (NYSE:KO – Get Free Report) traded up 0.4% on Friday after Barclays raised their price target on the stock from $66.00 to $73.00. Barclays currently has an overweight rating on the stock. Coca-Cola traded as high as $70.03 and last traded at $69.81. 5,172,124 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 16,329,125 shares. The stock had previously closed at $69.50.
A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Truist Financial lifted their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $73.82.
Get Our Latest Stock Analysis on Coca-Cola
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Coca-Cola Price Performance
The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market capitalization of $300.49 billion, a P/E ratio of 28.82, a PEG ratio of 3.55 and a beta of 0.61. The company’s 50 day simple moving average is $62.90 and its two-hundred day simple moving average is $66.36.
Coca-Cola (NYSE:KO – Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. As a group, equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.
Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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