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Coca-Cola (KO) Received its Third Buy in a Row

After UBS and RBC Capital gave Coca-Cola (NYSE: KO) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Kaumil Gajrawala maintained a Buy rating on Coca-Cola today and set a price target of $68.00. The company’s shares closed last Wednesday at $61.98.

According to TipRanks.com, Gajrawala is a 1-star analyst with an average return of -1.7% and a 53.5% success rate. Gajrawala covers the Consumer Goods sector, focusing on stocks such as Reynolds Consumer Products, Constellation Brands, and Vita Coco Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coca-Cola with a $70.47 average price target, representing a 12.9% upside. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $69.00 price target.

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The company has a one-year high of $67.20 and a one-year low of $52.28. Currently, Coca-Cola has an average volume of 17.99M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Coca-Cola Co. offers non-alcoholic beverages, including sparkling soft drinks, water, enhanced water, sports drinks, juice, dairy and plant-based beverages, tea, coffee and energy drinks. Its key brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Costa Coffee, Fanta, Sprite, Minute Maid, Georgia, Powerade, Fairlife, Del Valle, Schweppes, Aquarius, Dasani, Simply, Glaceau Vitaminwater, Gold Peak, Fuze Tea, and Glaceau Smartwater. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.

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