Recent significant negative changes in fundamentals have affected Chevron Corp (NYSE: CVX): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in Chevron Corp (NYSE: CVX) investment behavior have recently occurred: its shorter term price trend turned down.
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
CVX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Chevron has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Chevron has a very high Appreciation Score of 92 but a neutral Power Rating of 48, producing the Positive Value Trend Rating.
Recent Price Action
On 1/17/24, Chevron Corp (NYSE: CVX) stock declined slightly by -0.4%, closing at $143.12. However, trading volume in this decline was below average at 78% of normal. The stock has performed in line with the market over the last nine months and has declined -4.3% during the last week.
Be the first to comment