The Coca-Cola Co (NYSE: KO) has reported earnings for its third fiscal quarter (ending September 30) of $0.66 versus $0.71 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.42 versus $2.49 for the same period a year ago.
Recent Price Action
The Coca-Cola Co (NYSE: KO) stock declined by -2.1% on 10/23/24. The shares closed at $68.01. Moreover, trading volume in this decline was unusually high at 180% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.3% during the last week.
Current PriceTarget Research Rating
KO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Coca-Cola has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Coca-Cola has a poor Appreciation Score of 16 but a good Power Rating of 81, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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