In a report released today, Dara Mohsenian from Morgan Stanley maintained a Buy rating on Coca-Cola (KO), with a price target of $55.00. The company’s shares closed last Thursday at $49.77.
According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 5.0% and a 66.3% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, The Estée Lauder Companies, and Mondelez International.
Currently, the analyst consensus on Coca-Cola is a Moderate Buy with an average price target of $56.15, an 11.9% upside from current levels. In a report released yesterday, HSBC also maintained a Buy rating on the stock with a $58.00 price target.
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The company has a one-year high of $60.13 and a one-year low of $36.27. Currently, Coca-Cola has an average volume of 16.37M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KO in relation to earlier this year.
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The Coca-Cola Co. is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew. It operates through the following segments: Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Global Ventures. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.