The Coca-Cola Co (NYSE:KO) plunged -0.68% during previous trade, a total of 19.71M shares exchanged hands compared with its average trading volume of 13.44M shares whereas its relative volume is 1.43. The stock has a market capitalization of $175.22B along with 4.31B outstanding shares. Stock’s intraday price range hit the peak level of $41.44 and touched the lowest level of $40.86.
Most recently The Coca-Cola Co (NYSE:KO)’s price target was revised on 01/09/17 and according to 19 analysts stock’s price will reach at $45.19 during 52 weeks with standard deviation of 16.82. Stock’s minimum price target estimates has been figured out at $39 while the maximum price target forecast is established at $50, if we look at the price target with an optimistic approach it has upside potential of 22% from its latest closing price of $41.04.
Historically, if we look at price target revisions, three weeks ago The Coca-Cola Co (NYSE:KO)’s price target was revised on 12/16/16 by the analysts, however the bullish price estimates of the stock set at $51 while the bearish estimates kept at $40 over the next one year. Stock’s 52-week target was retained at $45, the estimates indicates a standard deviation of 3.19.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.79. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 3 rate The Coca-Cola Co (NYSE:KO) stock a Strong Buy, 0 rate the stocks of the company a Buy, 9 rate Hold, 1 rate Sell and 1 recommend a Strong Sell. Most recently on 1/9/17 the stock of The Coca-Cola Co (NYSE:KO) downgraded by Goldman from Neutral to Sell. However previously on 12/16/16 it was downgraded by Morgan Stanley from Overweight to Equal-Weight. A research note issued on 12/13/16 the stock was downgraded by Deutsche Bank from Buy to Hold.
The Coca-Cola Co (NYSE:KO) performance over the past one year soared 1.91% whereas its year to date (YTD) performance indicated a bearish trend of -1.01%. During the last six months the stock slipped -8.46%. Quarterly performance of the company shows declining momentum of -0.82% while its last one month trend is positive with 0.15%. Stock’s weekly performance expressed down trend of -1.82%.
The company’s price sits -0.75% below from its 50-day moving average of $41.36 and -4.42% below from the stock’s 200-day moving average which is $42.73. The Coca-Cola Co (NYSE:KO)’s shares are currently trading -10.79% away from the 52-week high price of $46.00 and +3.98% far from the 52-week low price of $39.47.
According to consensus agreement of 19 analysts The Coca-Cola Co (NYSE:KO) will report earnings per share of $0.37 in their quarterly report and it is expected to announce the company’s results on 2/14/17. For the current quarter the company has high EPS estimates of $0.39 in contradiction of low EPS estimates of $0.35. However a year ago for the same quarter the company has reported $0.38 EPS. Current year EPS projections for The Coca-Cola Co (NYSE:KO) set at $1.91 according to the sentiments of 23 analysts, while its lowest earnings estimates are $1.89 and highest earnings estimates are $1.93.
According to 16 analysts, The Coca-Cola Co (NYSE:KO)’s revenue estimates for the current quarter are $9.21B meanwhile the company has high revenue estimates of $9.44B in contradiction of low revenue estimates of $9.02B. For the current year the company’s revenue estimates are $41.72B compared to low analyst estimates of $40.46B and high estimates of $43.59B according to the projection of 22 analysts.