Embotelladora Andina (NYSE:AKO.B) Shares Gap Down – What’s Next?

Shares of Embotelladora Andina S.A. (NYSE:AKO.B) gapped down before the market opened on Wednesday . The stock had previously closed at $31.21, but opened at $29.25. Embotelladora Andina shares last traded at $30.0030, with a volume of 752 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AKO.B. Wall Street Zen upgraded Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Embotelladora Andina Price Performance

The firm has a market cap of $4.64 billion, a PE ratio of 14.43 and a beta of 0.62. The business has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $28.80.

Embotelladora Andina (NYSE:AKO.B) last released its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. The business had revenue of $1.04 billion for the quarter. Embotelladora Andina had a net margin of 8.70% and a return on equity of 24.47%. Equities analysts expect that Embotelladora Andina S.A. will post 2.14 earnings per share for the current fiscal year.

Embotelladora Andina Company Profile

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.