Coca-Cola Company (The) (KO) : 17 analysts are covering Coca-Cola Company (The) (KO) and their average rating on the stock is 2.38, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Coca-Cola Company (The) (KO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Coca-Cola Company (The) (KO) stock is expected to deviate a maximum of $4.6 from the average target price of $47.42 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $54 and the most muted being $40.
Coca-Cola Company (The) (NYSE:KO): The stock opened at $45.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.55 for the day. The stock traded down to $44.92 during the day, due to lack of any buying support eventually closed down at $45.27 with a loss of -0.35% for the day. The stock had closed at $45.43 on the previous day. The total traded volume was 10,902,573 shares.
Also, Brokerage firm Goldman Sachs maintains its rating on Coca-Cola Company (The) (NYSE:KO). As per the latest information, the brokerage house lowers the price target to $45 per share from a prior target of $47. The shares have been rated Neutral. The rating by the firm was issued on June 29, 2016. The company shares have rallied 13.97% from its 1 Year high price. On Apr 11, 2016, the shares registered one year high at $47.13 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $44.83 and the 200 Day Moving Average price is recorded at $44.33.
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 range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Companys segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.