Stock Rating Upgrade
The Value Trend Rating for The Coca-Cola Co (NYSE: KO) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
The Coca-Cola Co (NYSE: KO) stock closed at $69.18 on 8/16/24 after a modest gain of 0.8%. NORMAL trading volume accompanied the advance. The stock has risen 0.7% during the last week and has been strong relative to the market over the last nine months.
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). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Coca-Cola has a very low Appreciation Score of 13 but a good Power Rating of 73, producing the Low Neutral Value Trend Rating.
Be the first to comment