Coca-Cola stock: buy or sell

KO stock price: $54.36 1.10% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

Coca-Cola stock brief

  • Coca-Cola closed on Monday at $54.36 after inching a 1.10%.
  • Price is drawing a scaled uptrend since last January with higher tops and higher bottoms. This rally marked a 14.78% gain
  • Argus published a strong positive rating for Coca-Cola last Thursday, with a target of $63.00
  • The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide.

Should I buy Coca-Cola stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $KO stock a buy?

Currently, Coca-Cola stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $KO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Coca-Cola stock?

"To sell or not to sell", if you are holding Coca-Cola shares?. Trading strategies let us to avoid rash decisions based on our personal feelings or the noise that surrounds the market. When selling, as well as buying, detailed strategies are very simple to follow and are only valid for selling shares you already own, not for selling short $KO stock

As a rule of thumb, you should not hold an operation that produces higher than expected losses by the time of purchase. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Coca-Cola stock?

Currently, Coca-Cola stock doesn't match any of our preferred sell setups, so if you hold Coca-Cola stock and your operation is in profit probably is not time to sell now

Coca-Cola ratings

In the last 30 days, 3 brokerage ratings were published for Coca-Cola. General sentiment is bullish, with 3 out of 3 posting positive outlooks

Coca-Cola analysts' ratings - Last month
Brokerage firmRating
Jun 4th, 2021
Morgan Stanley BuyBuy
Jun 15th, 2021
Credit Suisse Group Buy
Jun 17th, 2021
Argus Strong buy

Coca-Cola stock analysis

Coca-Cola stock started an uptrend last January, and gained an amazing 14.78%. During this uptrend, the price offered some buy points on the breakouts. Latest low was in mid-May, when price bounced at $53.21. Currently, it moves in a consolidation between its last top ($56.06) and its last bottom ($53.21)

SMAs overview

KO stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $55.08 (1.32% above)
  • R2: $56.06 (3.13% above)
  • R3: $57.23 (5.28% above)
  • The current supports are:

  • S1: $54.07 (-0.53% below)
  • S2: $53.54 (-1.51% below)
  • S3: $53.35 (-1.86% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart shows that they are relatively close to each other (3.64%), which clearly indicates that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders accordingly

    KO stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on June 7 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 46.69. Since RSI lost the overbought zone, Coca-Cola price collapsed a 2.62%

    KO stock RSI chart

    Coca-Cola stock price history

    Coca-Cola went public on Jan 2nd, 1962 priced at $0.05 per share1. Since then, KO stock surged by 108,620.00%, with an average of 1,841.02% per year. An investment of thousand dollars on the IPO would worth $1,087,200.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    KO stock price history chart

    Price target for Coca-Cola stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these targets are not direct recommendations for small traders and must not be followed blindly.

    The average price target for Coca-Cola stock calculated from the table below is $63.00. Coca-Cola closed at $54.36 on Monday, that is a 13.71% than the forecasted price.

    Coca-Cola stock price predictions
    Brokerage firmPrice target
    Jun 4th, 2021
    Morgan Stanley $60.00$64.00
    Jun 15th, 2021
    Credit Suisse Group $60.00$62.00
    Jun 17th, 2021
    Argus $60.00$63.00

    Earnings and financials

    Coca-Cola ($KO) hosted the investors call and released the report last April. Coca-Cola posted earnings of $0.55 per share on sales of $9.0 billion. The analysts estimate was $0.50 per share on revenue of $8.6 billion.

    Compared to the same quarter one year ago, EPS was $0.51, so reported EPS means a improvement of 7.84%. Revenue merely changed on an annualized basis in the , from $86.0B to $90.2B last quarter.

    Coca-Cola ($KO) is hosting the Q2 earnings call mid next July. Wall Street forecasts of $0.55, compared to previous quarter that made $0.55.

    Coca-Cola performance

    KO performance compared
    Company1m3m6m
    Coca-Cola ($KO) -0.10% 7.40% 4.00%

    Please read:
    The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the individual conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for learning motives only

    Coca-Cola summary

    Monday, June 21st, 2021
    Open$54.22
    Close$54.36
    Day range$54 - $54.43
    Previous close$53.77
    Session gain1.10%
    Average true range$0.68
    50d mov avg$54.24
    100d mov avg$52.21
    200d mov avg$51.09
    Earnings dateJuly 20th, 2021

    Frequently asked questions

    What is Coca-Cola stock symbol?

    The Coca-Cola Company is a public company trading in the US stock market with the KO symbol

    Is Coca-Cola stock a buy or sell?

    Coca-Cola received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will KO go up?

    Coca-Cola had different price forecasts published by market analysts in the last 4 weeks setting the target price to $63.00. That is a 15.89% than the current price ($54.36).