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MarketScreener Homepage  >  Equities  >  Nyse  >  The Coca-Cola Company    KO

THE COCA-COLA COMPANY

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Investor Sentiment Improves as Trade and Brexit Worries Ease

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10/18/2019 | 03:37pm EST

By Karen Langley

Investor sentiment appears to have risen in recent days -- and analysts say it is still flashing a buy signal.

The Bank of America Merrill Lynch Bull & Bear Indicator has jumped to a six-week high, according to a BofA Merrill Lynch Global Research report released Friday. The contrarian indicator rose to 1.9 from 1.3, remaining below the 2.0 threshold under which BofA Merrill Lynch recommends buying risk assets.

The indicator runs from 0, signifying maximum bearish sentiment, to 10, signifying maximum bullish sentiment. It is calculated using debt and equity fund flows, investor positioning and price action in equity and debt markets.

The shift in sentiment took place as investors cheered a "phase one" trade deal between the U.S. and China that prevented additional tariffs from taking effect and a preliminary Brexit deal between the U.K. and European Union.

Upbeat earnings reports from companies including JPMorgan Chase & Co., Coca-Cola Co., United Airlines Holdings Inc. and UnitedHealth Group Inc. also boosted sentiment. Of the 73 companies in the S&P 500 that reported earnings through Friday morning, more than four-fifths beat analysts' expectations, according to Refinitiv.

A survey of individual investors, meanwhile, showed a jump in optimism in the week ending Wednesday. The American Association of Individual Investors found that bullish sentiment, or expectations that stock prices will rise over the next six months, rose by 13.3 percentage points from the previous week to 33.6%.

Even so, the gauge of optimism is below its historical average of 38% for the 22nd time in 23 weeks, according to the AAII.

Bearish sentiment, or expectations that stock prices will fall, fell to 31.1%, a retreat of 12.9 percentage points -- but still above the historical average of 30.5%.

RBC Capital Markets said the four-week average sentiment gap suggests the S&P 500 is poised to rally over three months and 12 months. "This is something that keeps us in the neutral camp on equities rather than in the bearish camp," Lori Calvasina, head of U.S. Equity Strategy at RBC Capital Markets, wrote in a note.

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -0.32% 33.08 Delayed Quote.34.98%
DJ INDUSTRIAL -0.02% 27691.27 Delayed Quote.18.66%
EURO / BRITISH POUND (EUR/GBP) -0.24% 0.85631 Delayed Quote.-4.54%
JPMORGAN CHASE & CO. -0.39% 129.43 Delayed Quote.33.56%
LONDON SUGAR -0.86% 332.5 End-of-day quote.-0.45%
NASDAQ 100 0.17% 8257.382853 Delayed Quote.30.43%
NASDAQ COMP. 0.19% 8481.215501 Delayed Quote.27.73%
S&P 500 0.13% 3091.64 Delayed Quote.23.14%
THE COCA-COLA COMPANY -0.08% 51.795 Delayed Quote.10.26%
UNITED AIRLINES HOLDINGS, INC. -0.53% 93.03 Delayed Quote.11.70%
UNITEDHEALTH GROUP 0.60% 255.57 Delayed Quote.3.15%
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Financials (USD)
Sales 2019 37 059 M
EBIT 2019 10 289 M
Net income 2019 8 885 M
Debt 2019 32 915 M
Yield 2019 3,04%
P/E ratio 2019 26,3x
P/E ratio 2020 23,7x
EV / Sales2019 6,99x
EV / Sales2020 6,73x
Capitalization 226 B
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Technical analysis trends THE COCA-COLA COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 58,59  $
Last Close Price 52,80  $
Spread / Highest target 19,3%
Spread / Average Target 11,0%
Spread / Lowest Target 2,27%
EPS Revisions
Managers
NameTitle
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Barry N. Simpson Chief Information Officer & Senior Vice President
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