Stock Rating Upgrade
The Value Trend Rating for The Cato Corp (NYSE: CATO) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
The Cato Corp (NYSE: CATO) stock declined by -3.6% on 4/26/24. The shares closed at $4.60. This decline was accompanied by normal trading volume. The stock has been extremely weak relative to the market over the last nine months and has declined -6.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CATO is expected to continue to be Value Creation neutral.
Cato has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cato has a good Appreciation Score of 72 but a poor Power Rating of 17, leading to the Low Neutral Value Trend Rating.
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