Barclays Capital Reiterates Overweight on Coca Cola (KO)

By admin | 6 years ago

Coca Cola (NYSE: KO)‘s stock had its “overweight” rating reaffirmed by Barclays Capital (NYSE: BCS) in a research note issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Coca Cola in a research note to investors on Wednesday, May 9th. They now have a $81.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Coca Cola from $78.00 to $84.00 in a research note to investors on Wednesday, April 18th. They now have a “buy” rating on the stock.

Coca Cola opened at 74.55 on Wednesday. Coca Cola has a 52-week low of $63.34 and a 52-week high of $77.82. The company has a market cap of $168.3 billion and a price-to-earnings ratio of 19.82.

Coca Cola last posted its quarterly earnings results on Tuesday, April 17th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.01. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Coca Cola will post $1.10 EPS next quarter.

The Coca-Cola Company is a non-alcoholic beverage company. The Company owns or licenses and markets more than 500 non-alcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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