Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for CBIZ Inc (NYSE: CBZ) improved recently. CBZ’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, CBIZ Inc (NYSE: CBZ) stock rose slightly by 0.3%, closing at $71.37. However, this advance was accompanied by below average trading volume at 78% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CBZ is expected to continue to be an important Value Builder.
CBIZ has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CBIZ has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
Be the first to comment