Stock Rating Downgrade
The Value Trend Rating for Chesapeake Utilities Corp. (NYSE: CPK) weakened during the last several trading 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
Chesapeake Utilities Corp. (NYSE: CPK) stock closed at $105.03 on 3/8/24 after a modest gain of 0.5%. However, exceptionally low trading volume at 45% of normal accompanied the advance. The stock has risen 2.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CPK is expected to continue to be a Value Builder.
Chesapeake Utilities 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. Chesapeake Utilities has a neutral Appreciation Score of 49 and a slightly negative Power Rating of 40, triggering the Negative Value Trend Rating.
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