On 1/8/24, Farmer Brothers Co (NASDAQ: FARM) stock enjoyed a major increase of 13.3%, closing at $3.53. Moreover, trading volume in this advance was exceptionally high at 659% of normal. Relative to the market the stock has been strong over the last nine months and has risen 11.4% during the last week.
Current PriceTarget Research Rating
FARM’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.
Farmer Brothers has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Farmer Brothers has a very low Appreciation Score of 5 but a good Power Rating of 72, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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