Stock Rating Downgrade
The Value Trend Rating for Culp Inc. (NYSE: CULP) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Culp Inc. (NYSE: CULP) stock declined modestly by -1.8% on 3/1/24. The stock closed at $4.83. However, trading volume in this decline was exceptionally low at 45% of normal. The stock has performed in line with the market over the last nine months and has declined -4.0% during the last week.
Current PriceTarget Research Rating
CULP is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Culp has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Culp has a neutral Power Rating of 43 and a slightly negative Appreciation Score of 35, and the Negative Value Trend Rating results.
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