Stock Rating Downgrade
The Value Trend Rating for City Holding Co (NASDAQ: CHCO) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
City Holding Co (NASDAQ: CHCO) stock closed at $103.01 on 4/19/24 after a large increase of 3.0%. NORMAL trading volume accompanied the advance. The stock has risen 3.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CHCO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
City Holding has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. City Holding has a neutral Appreciation Score of 48 but a good Power Rating of 75, resulting in the High Neutral Value Trend Rating.
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