Stock Rating Downgrade
The Value Trend Rating for Haverty Furniture Cos Inc (NYSE: HVT) 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
Haverty Furniture Cos Inc (NYSE: HVT) stock closed at $30.94 on 3/18/24 after a modest decline of -1.7%. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has declined -7.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HVT is expected to continue to be a major Value Builder.
Haverty Furniture 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 consistent signals. Haverty Furniture has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 57, and the Negative Value Trend Rating results.
Be the first to comment