2 Stocks That Are Just Getting Started: The Coca-Cola Company (KO), Suncor Energy Inc. (SU)

    The shares of The Coca-Cola Company (NYSE:KO) has been pegged with a rating of Overweight by Atlantic Equities in its latest research note that was published on July 29th, 2019. The research company has also assigned a $62 price target. Atlantic Equities wasn’t the only research firm that published a report of The Coca-Cola Company, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on July 24th, 2019, to Buy the KO stock while also putting a $60 price target. The stock had earned Overweight rating from Morgan Stanley when it published its report on May 14th, 2019. That day the Morgan Stanley set price target on the stock to $55. The stock was given Hold rating by HSBC Securities in its report released on March 12th, 2019, the day when the price target on the stock was placed at $50. Citigroup was of a view that KO is Neutral in its latest report on February 15th, 2019 while giving it a price target of $50. UBS thinks that KO is worth Neutral rating. This was contained in the firm’s report on December 13th, 2018 in which the stock’s price target was also moved to $51.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $57.22. The price of the stock the last time has raised by 22.26% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 56.83.

    The shares of the company added by 0.41% during the trading session on Wednesday, reaching a low of $53.85 while ending the day at $54.10. During the trading session, a total of 10.88 million shares were traded which represents a 12.14% incline from the average session volume which is 12.38M shares. KO had ended its last session trading at 53.88. The Coca-Cola Company currently has a market cap of $230.95B, while its P/E ratio stands at 31.99, while its P/E earnings growth sits at 6.79, with a beta of 0.43. The Coca-Cola Company debt-to-equity ratio currently stands at 2.48, while its quick ratio hovers at 0.70. KO 52-week low price stands at $44.25 while its 52-week high price is $54.82.

    The company in its last quarterly report recorded $0.63 earnings per share which is above the $0.61 predicted by most analysts. The The Coca-Cola Company generated $9,997.00 million in revenue during the last quarter, which is slightly higher than the $9,989.96 million predicted by analysts. In the second quarter last year, the firm recorded $0.48 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 23.81%. The Coca-Cola Company has the potential to record 1.69 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Evercore ISI published a research note on April 3rd, 2019 where it informed investors and clients that Suncor Energy Inc. (NYSE:SU) is now rated as In-line. BofA/Merrill also rated SU as Reiterated on July 24th, 2019, with its price target of $60 suggesting that SU could surge by 33.62% from its current share price. Even though the stock has been trading at $28.12/share, analysts expect it to surge higher by 1.10% to reach $42.83/share. It started the day trading at $28.57 and traded between $28.31 and $28.43 throughout the trading session.

    A look at its technical shows that SU’s 50-day SMA is 30.27 while its 200-day SMA stands at 31.66. The stock has a high of $42.16 for the year while the low is $25.81. The company’s P/E ratio currently sits at 10.50, while the P/B ratio is 1.30. At the moment, only of Suncor Energy Inc. shares were sold short. The company’s average trading volume currently stands at 3.40M shares, which means that the short-interest ratio is just 1.45 days. Over the past seven days, the company moved, with its shift of 1.86%. Looking further, the stock has dropped -10.99% over the past 90 days while it lost -16.63% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Wellington Management Co LLP bought more SU shares, increasing its portfolio by +3.83% during the last quarter. This move now sees Wellington Management Co LLP purchasing 2,724,088 shares in the last quarter, thus it now holds 73,766,395 shares of SU, with a total valuation of $2,117,095,537. RBC Global Asset Management Inc meanwhile bought more SU shares in the recently filed quarter, changing its stake to $1,346,373,281 worth of shares. The Vanguard Group Inc followed the path by decreasing its SU portfolio by -1.00% in the quarter. This means that The Vanguard Group Inc sold -461,602 shares in the last quarter and now controls 45,661,972 shares of the SU stock, with the valuation hitting $1,310,498,596.

    Similarly, Dodge Cox increased its Suncor Energy Inc. shares by +2.78% during the recently filed quarter. After buying 975,500 shares in the last quarter, the firm now controls 36,007,300 shares of Suncor Energy Inc. which are valued at $1,033,409,510. In the same vein, TD Asset Management Inc decreased its Suncor Energy Inc. shares by during the most recent reported quarter. The firm sold -2,457,024 shares during the quarter which decreased its stakes to 35,962,315 shares and is now valued at $1,032,118,441. Following these latest developments, around 0.02% of Suncor Energy Inc. stocks are owned by institutional investors and hedge funds.