At the time of writing, Coca-Cola Co [KO] stock is trading at $65.19, down -0.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KO shares have gain 3.31% over the last week, with a monthly amount glided 4.10%, and 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 June 24, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $72. Previously, Citigroup reaffirmed its Buy rating on January 17, 2024, and elevated its price target to $68. On November 13, 2023, Jefferies initiated with a Hold rating and assigned a price target of $64 on the stock. JP Morgan reiterated its Overweight rating and decreased its price target to $67 on July 14, 2023. Citigroup initiated its recommendation with a Buy and recommended $68 as its price target on February 17, 2023. Wells Fargo reiterated a Overweight rating for this stock on February 15, 2023, and downed its price target to $68. In a note dated February 15, 2023, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $68 to $70.
For the past year, the stock price of Coca-Cola Co fluctuated between $51.55 and $65.39. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. Coca-Cola Co [NYSE: KO] shares were valued at $65.19 at the most recent close of the market. An investor can expect a potential return of 11.98% based on the average KO price forecast.
Analyzing the KO fundamentals
According to Coca-Cola Co [NYSE:KO], the company’s sales were 46.14B for trailing twelve months, which represents an 2.46% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.22%, 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 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.61.
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 64.67 points at the first support level, and at 64.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.76, and for the 2nd resistance point, it is at 66.32.
Ratios To Look Out For
It is important to note that Coca-Cola Co [NYSE:KO] has a current ratio of 1.04. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 6.09, the price to book ratio is 10.63 and price to earnings (TTM) ratio is 26.19.
Transactions by insiders
Recent insider trading involved COCA COLA CO, 10% Owner, that happened on Jul 05 ’24 when 0.6 million shares were sold. Europe OU President, KOUMETTIS NIKOLAOS completed a deal on Jun 14 ’24 to sell 80891.0 shares. Meanwhile, Executive Vice President QUAN NANCY sold 19304.0 shares on Jun 11 ’24.
