The Coca-Cola (NYSE:KO) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 10th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
KO opened at $48.96 on Wednesday. The business has a 50 day moving average price of $51.19 and a 200 day moving average price of $50.32. The Coca-Cola has a twelve month low of $36.27 and a twelve month high of $60.13. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.13. The firm has a market cap of $210.40 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58.
Several equities research analysts recently weighed in on KO shares. Sanford C. Bernstein started coverage on The Coca-Cola in a report on Tuesday, January 19th. They issued an “outperform” rating and a $58.00 target price for the company. Morgan Stanley reduced their target price on The Coca-Cola from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, January 14th. Royal Bank of Canada lowered The Coca-Cola from an “outperform” rating to a “sector perform” rating and set a $55.00 target price for the company. in a report on Monday, January 4th. HSBC reduced their target price on The Coca-Cola from $61.00 to $58.00 in a report on Wednesday, January 13th. Finally, JPMorgan Chase & Co. lowered The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.76.
This picture holds the key to the birth of a new $15 trillion industry. It could be your only chance to get in early on what could be the next Amazon. Check this out today, before this goes public!
In other news, Director David B. Weinberg sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $52.65, for a total transaction of $5,265,000.00. Following the sale, the director now directly owns 355,214 shares in the company, valued at $18,702,017.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Further Reading: Monthly Dividend Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
10 Great Cheap Stocks to Buy Now for Under $10
As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it’s challenging for investors to find cheap stocks to buy now.
This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.
While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.
Some of these companies are great investing ideas because they’re too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.
You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.
View the “10 Great Cheap Stocks to Buy Now for Under $10”.
2021-02-03 07:01:32
