Alert: Rating Upgrade (9/20/19)-The Eastern Co (NASDAQ: EML).


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.

About John Lafferty 80532 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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