Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Saga Communications Inc. (NASDAQ: SGA) improved during the last several trading days. SGA’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, Saga Communications Inc. (NASDAQ: SGA) stock enjoyed a large increase of 3.7%, closing at $21.37. The stock has performed in line with the market over the last nine months and has risen 8.1% during the last week.
Current PriceTarget Research Rating
SGA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Saga Communications has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Saga Communications has a neutral Appreciation Score of 48 and a neutral Power Rating of 42, leading to the Low Neutral Value Trend Rating.
Be the first to comment