The stocks of KO brought out their quarterly report on Monday with the EPS reported at $0.55 for this quarter. This was more than the consensus estimate set by Zacks at $0.50. The net margin set by the company was 24.90%, with the return on equity fixed at 41.37%. The revenue generated by the company over this period was $9 billion, which was more than the consensus estimate of $8.58 billion.
The Stock Commentary Of KO
The stocks of KO traded on Monday at $54.11. The moving average price of the company over a period of 50 days was set at $51.63, while the moving average price of the company over a period of 200 days was set at $51.19. The year low of the company was $43.20, with the year high set at $54.93. The market cap of the firm was $233.18 billion, with a 27.96 PE ratio, and a 5.70 PEG ratio. The debt-to-equity ratio of the company was 1.94, with a 1.13 current ratio.
There have been quite a few research equities that have commented on KO. The Royal Bank of Canada has already increased the rating of the company from sector perform to outperform with a price target that has been increased to $60 in a 15th March research report. Wolfe Research has also put up a rating of peer perform in a 12th April research report. Guggenheim has reduced the shares of the company from buy to neutral in a 5th January research report. HSBC has reduced the price target of the company from $61 to $58 in a 13th January research report.
One of the investment analysts involved with the stocks has given it a rating of sell, while five of them have given it a rating of hold. Around seven others have prescribed a rating of buy. Currently, KO has a buy rating with a $54.86 price target.