Alert: Negative Investment/Fundamental Signals (10/22/20)-Northfield Capital Corp (CVE: NFD.A)


Northfield Capital Corp (CVE: NFD.A) has recently experienced exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.

Significant negative changes in Northfield Capital Corp (CVE: NFD.A) fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, NFD.A is expected to continue to be a modest Value Builder.

Northfield Capital has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northfield Capital has a very high Appreciation Score of 85 but a neutral Power Rating of 45, and the Positive Value Trend Rating results.

Recent Price Action

Northfield Capital Corp (CVE: NFD.A) stock declined modestly by -0.9% on 10/22/20. The stock closed at $28.00. The stock has performed in line with the market over the last nine months and has declined -0.9% during the last week.

About John Lafferty 122561 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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