On 5/7/24, Coca Cola Consolidated Inc (NASDAQ: COKE) stock enjoyed a major increase of 17.7%, closing at $1009.31. Moreover, exceptionally high trading volume at 451% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 21.0% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Coca Cola Consolidated has a poor Appreciation Score of 25 but a good Power Rating of 85, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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