A share price of Coca-Cola Co [KO] is currently trading at $58.14, down -0.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KO shares have lost -1.91% over the last week, with a monthly amount drifted -3.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coca-Cola Co [NYSE: KO] stock has seen the most recent analyst activity on January 17, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $68 from $67. Previously, Jefferies started tracking the stock with Hold rating on November 13, 2023, and set its price target to $64. On July 14, 2023, JP Morgan reiterated its Overweight rating and revised its price target to $67 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $68 on February 17, 2023. Wells Fargo reiterated its recommendation of a Overweight and reduced its price target to $68 on February 15, 2023. Morgan Stanley reiterated a Overweight rating for this stock on February 15, 2023, and upped its price target to $70. In a note dated February 15, 2023, Deutsche Bank reiterated an Hold rating on this stock and boosted its target price from $62 to $63.
Coca-Cola Co experienced fluctuations in its stock price throughout the past year between $51.55 and $64.99. Currently, Wall Street analysts expect the stock to reach $72.57 within the next 12 months. Coca-Cola Co [NYSE: KO] shares were valued at $58.14 at the most recent close of the market. An investor can expect a potential return of 24.82% based on the average KO price forecast.
Analyzing the KO fundamentals
Trailing Twelve Months sales for Coca-Cola Co [NYSE:KO] were 45.87B which represents 11.22% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.41 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.85 points at the first support level, and at 57.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.62, and for the 2nd resistance point, it is at 59.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Coca-Cola Co [NYSE:KO] is 1.13. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 5.46, the price to book ratio is 9.66 and price to earnings (TTM) ratio is 23.55.
Transactions by insiders
Recent insider trading involved QUAN NANCY, Executive Vice President, that happened on Mar 13 ’24 when 57368.0 shares were sold. President, Latin America OU, Pietracci Bruno completed a deal on Mar 04 ’24 to sell 18551.0 shares. Meanwhile, Chairman and CEO Quincey James sold 0.25 million shares on Feb 22 ’24.
