Coca-Cola stock trades in the green for seven straight sessions
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Contributor since / Followers
Contributor since / Followers
12 hours ago
The Coca-Cola Company (NYSE:KO) shares traded in the green on Tuesday, making it the seventh consecutive day of gains. The stock closed up 0.26% at $64.55.
KO rose about 10.4% in the last 12 months. YTD, the stock is trading up 9.2%, compared to the broader S&P 500 market which is up 25.5%.
Looking at Seeking Alpha’s Quant Ratings, this company has a Hold with a score of 3.30 out of 5.
When it comes to Wall Street analysis, 11 out of 24 analysts recommend a Strong Buy, 6 recommend a Buy, 6 recommend it as a Hold and 1 recommends Sell.
According to SA analyst Curonian Research, “Coca-Cola’s growth is driven by emerging markets and strategic acquisitions, despite challenges like dollar appreciation.
The stock is trading at fair value, offering stable returns and a reliable income stream, making it a preferred defensive investment.”
Seeking Alpha analysts have a Hold rating on the company.