Investors have turned their attention to Coca-Cola (KO, Financial) as bearish sentiment emerges in the options market. A total of 16,202 put contracts have been traded, surpassing typical expectations by 10%. The most active options include the weekly 71 puts and weekly 74 calls, both expiring on April 25, with these two strikes alone accounting for nearly 3,400 contracts.
The Put/Call Ratio for Coca-Cola currently stands at 2.23, indicating a higher volume of puts relative to calls. This suggests that traders are taking a more defensive stance on the stock, potentially bracing for volatility. Additionally, the At-the-Money Implied Volatility (ATM IV) has increased by over one percentage point in the trading day, reflecting this heightened anticipation.
Market participants are closely monitoring Coca-Cola's performance as its earnings report is scheduled for release on April 29. The increased options trading activity reflects a mix of strategies as traders position themselves ahead of this key financial update.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Coca-Cola Co (KO, Financial) is $75.76 with a high estimate of $85.00 and a low estimate of $59.60. The average target implies an upside of 4.19% from the current price of $72.71. More detailed estimate data can be found on the Coca-Cola Co (KO) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Coca-Cola Co's (KO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coca-Cola Co (KO, Financial) in one year is $69.13, suggesting a downside of 4.92% from the current price of $72.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coca-Cola Co (KO) Summary page.
