In a report released yesterday, Nik Modi from RBC Capital maintained a Buy rating on Coca-Cola (KO), with a price target of $58.00. The company’s shares closed last Monday at $46.93.
According to TipRanks.com, Modi is a 4-star analyst with an average return of 4.7% and a 61.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.
Currently, the analyst consensus on Coca-Cola is a Moderate Buy with an average price target of $55.24.
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Coca-Cola’s market cap is currently $201.5B and has a P/E ratio of 23.70. The company has a Price to Book ratio of -27.02.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock.
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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.
