Camden National Corp (NASDAQ: CAC). Extremely important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Notable positive changes in Camden National Corp (NASDAQ: CAC) fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CAC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Camden National 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. Camden National has a neutral Appreciation Score of 58 but a good Power Rating of 76, and the Positive Value Trend Rating results.
Recent Price Action
Camden National Corp (NASDAQ: CAC) stock rose modestly by 0.8% on 1/10/24. The stock closed at $37.08. However, this advance was accompanied by unusually low trading volume at 65% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.9% during the last week.
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