NACCO Industries Inc. (NYSE: NC) stock closed at $31.69 on 5/2/24 after a major increase of 15.0%. Moreover, exceptionally high trading volume at 282% of normal accompanied the advance. The stock has risen 10.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NC is expected to be Value Creation neutral.
NACCO Industries has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NACCO Industries has a neutral Appreciation Score of 60 but a poor Power Rating of 22, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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