Extremely significant positive changes in Coca Cola Consolidated Inc (NASDAQ: COKE) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted Coca Cola Consolidated Inc (NASDAQ: COKE): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
COKE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Coca Cola Consolidated has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Coca Cola Consolidated has a poor Appreciation Score of 18 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Recent Price Action
Coca Cola Consolidated Inc (NASDAQ: COKE) stock increased 1.3% on 6/28/24. The shares closed at $1085.00. Moreover, trading volume in this advance was exceptionally high at 950% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.0% during the last week.
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