On Tuesday, Coca-Cola Consolidated got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Coca-Cola Consolidated is currently forming a consolidation, with a 1,460.92 entry. See if the stock can break out in volume at least 40% above average. Keep in mind that it's a later-stage base, which makes it a riskier entry point.
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The stock earns a 95 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 35% earnings-per-share growth. Sales growth rose 7%, up from 3% in the prior report. That marks one quarter of increasing revenue growth.
Coca-Cola Consolidated earns the No. 2 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
