In a report issued on January 13, Lauren Lieberman from Barclays maintained a Buy rating on Coca-Cola (KO – Research Report), with a price target of $70.00. The company’s shares closed last Friday at $61.39.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 0.8% and a 52.1% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola Europacific Partners, and The Estée Lauder Companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coca-Cola with a $63.92 average price target, which is a 4.9% upside from current levels. In a report issued on January 4, CFRA also upgraded the stock to Buy with a $68.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Coca-Cola’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.04 billion and net profit of $2.47 billion. In comparison, last year the company earned revenue of $8.65 billion and had a net profit of $1.74 billion.
Based on the recent corporate insider activity of 69 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Coca-Cola Co. offers non-alcoholic beverages, including sparkling soft drinks, water, enhanced water, sports drinks, juice, dairy and plant-based beverages, tea, coffee and energy drinks. Its key brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Costa Coffee, Fanta, Sprite, Minute Maid, Georgia, Powerade, Fairlife, Del Valle, Schweppes, Aquarius, Dasani, Simply, Glaceau Vitaminwater, Gold Peak, Fuze Tea, and Glaceau Smartwater. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.
Read More on KO:
- Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Church & Dwight (CHD), Hershey Co (HSY) and KB Home (KBH)
- Reynolds Consumer Products (REYN) Receives a Hold from Barclays
- Edgewell Personal Care (EPC) Gets a Sell Rating from Barclays
- Epizyme (EPZM) Receives a Buy from Barclays
- Coca-Cola Europacific Partners (CCEP) Receives a Buy from Barclays
