Stock Rating Downgrade
The Value Trend Rating for Kaman Corp (NYSE: KAMN) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/6/20, Kaman Corp (NYSE: KAMN) stock suffered a large decline of -3.3%, closing at $54.95. Moreover, trading volume in this decline was above average at 133% of normal. The stock has declined -2.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
KAMN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kaman has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Kaman has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 69, producing the Neutral Value Trend Rating.