The Coca-Cola Company (KO - Free Report) was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 32.7% in the past one-month time frame.
The upmove came after the stock received an upgrade to 'Buy' rating along with a promising target price from investment banker HSBC.
The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Coca-Cola currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Coca-Cola Company (The) Price
Investors interested in the Beverages - Soft drinks industry may consider a better-ranked stock like Monster Beverage Corporation (MNST - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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