Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The Eastern Co (NASDAQ: EML) improved recently. EML’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
The Eastern Co (NASDAQ: EML) stock enjoyed a large increase of 3.2% on 9/20/19. The stock closed at $25.80. Moreover, exceptionally high trading volume at 283% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -3.7% during the last week.
Current PriceTarget Research Rating
EML is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Eastern has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Eastern has a good Appreciation Score of 81 but a slightly negative Power Rating of 38, producing the Positive Value Trend Rating.