Coca-Cola Femsa Rating Downgraded to 'Buy' by Wall Street Zen
Coca-Cola Femsa (NYSE:KOF) has seen its rating downgraded from 'strong-buy' to 'buy' by Wall Street Zen, a note issued to investors on Saturday. This change in rating is significant as it suggests that analysts have revised their expectations for the company's performance.
Other equities research analysts have also weighed in on Coca-Cola Femsa, with Barclays raising its target price from $115.00 to $122.00 and giving the company an 'equal weight' rating. JPMorgan Chase & Co. increased its price objective from $114.00 to $127.00 and gave the company a 'neutral' rating.
The company has been performing well, with a 50-day simple moving average of $108.61 and a two-hundred day simple moving average of $105.61. Coca-Cola Femsa's revenue for the quarter was $4.36 billion, with earnings per share (EPS) of $1.69.
The company has been growing its business, with a 15.83% return on equity and an 8.05% net margin. Analysts forecast that Coca-Cola Femsa will post 7.03 EPS for the current fiscal year.