KO: The stock That Will Be First to Rebound From the Coming Recession

DonnaMay
2022-06-17

In fact, we are probably already in a recession now, but that won’t be known until sometime in July. In any case, these rebound stocks will be the ones investors flock to first as it becomes clear that economic growth is returning.

This is a high-quality company, with good earnings prospects, brand names, and dividends that their earnings can more than cover their dividends.

Let’s dive in and look at the stock.

The Coca-Cola Company (KO)Market Cap: $257.292 billion

Coca-Cola(NYSE:KO) is the ultimate brand name icon company and its revenue and earnings are forecast to grow incrementally from $41.9 billion in 2022 to $44.05 billion in 2023. Moreover, analysts forecast earnings growth from $2.37 in 2021 to$2.47 in 2022 and $2.65 in 2023.

This puts KO stock on a forward P/E multiple of just 22 times. This is below the historicalaverage of 23.35xfor the past five years. This implies that KO stock is now cheap.

Once the recovery from a recession takes place it is highly likely that Coke volumes will increase around the world. The stock’s valuation will likely also be rated higher.

$Coca-Cola(KO)$

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Comments

  • ey79
    2022-06-18
    ey79
    Nice share
  • ZU888
    2022-06-17
    ZU888
    thanks for sharing!
  • BKT
    2022-06-17
    BKT
    Good. Pls like thanks.
  • LeongSS
    2022-06-17
    LeongSS
    thanks for sharing
  • liverpool777
    2022-06-20
    liverpool777
    good sharing
  • Attap Kia
    2022-06-19
    Attap Kia
    yes
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