Wolfe Research raised the price target for the The Coca-Cola Company (NYSE:KO) stock to “a Peer perform”. The rating was released on April 13, 2021. We previously noted in another research note published on March 08, 2021 by RBC Capital Mkts that upgraded the stock from a Sector perform to an Outperform with a price target of $60 for KO stock. The research report from Bernstein has initiated the stock to Outperform, with a price target set at $58. The stock was downgraded by JP Morgan, who disclosed in a research note on January 07, 2021, from Overweight to Neutral and set the price objective to $55. In their research brief published January 06, 2021, Deutsche Bank analysts downgraded the The Coca-Cola Company stock from Buy to Hold with a price target of $55.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.55 during the last quarter as opposed to a consensus estimate of $0.5, which indicates the company beat its estimate by $0.05, which implies that the company surprised the market by 10.00%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.55. This is an average of 19 analysts’ earnings, where the high earnings per share estimate is $0.59 and the low earnings per share estimate is $0.51. According to 14 analyst estimates, an average revenue estimate of $9.25B is projected for the current quarter with a high revenue estimate of $9.76B and a low estimate of $8.72B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of The Coca-Cola Company (NYSE:KO) raised 0.33% to close Monday’s market session at $54.80, higher as compared to yesterday’s close. The stock price fluctuated between $54.49 and $54.93 throughout the trading session with the volume trading being 10154815 shares, which represented a significant variation when compared to the three months average volume of 15.65 million shares. The firm’s stock price fluctuated 0.29% within the last five trades and 0.61% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 3.14% in the last 6 months and 8.43% was added to its value over the previous 3 months. KO stock is trading at a margin of 0.95%, 2.78% and 7.07% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, KO deals in the Consumer Defensive domain. The stock is trading -1.25 percent below its 52-week high and 25.95 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 18.04. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does The Coca-Cola Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 27.50 percent and the profit margin is 21.60 percent, and the company has reported a gross margin of 59.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $236.41 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The Coca-Cola Company (NYSE:KO) is 32.83. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 23.30. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.07 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.59, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of The Coca-Cola Company shares are owned by insiders, and 68.90 percent are held by financial institutions. Quincey James, the Chairman and CEO at The Coca-Cola Company (KO) has sold 110,000 shares of firm on Apr 23 at a price of $54.48 against the total amount of $5.99 million. In another inside trade, KOUMETTIS NIKOLAOS, Europe OU President of The Coca-Cola Company (NYSE:KO) sold 30,000 shares of the firm on Apr 22 for a total worth of $1.64 million at a price of $54.81. An inside trade which took place on Apr 21, Vice President & Controller of The Coca-Cola Company LOVELESS KATHY sold 7,263 shares of firm against total price of $0.39 million at the cost of $54.30 per share.