Recent exceptional positive changes in investment behavior have benefitted Community Bank System Inc. (NYSE: CBU): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Community Bank System Inc. (NYSE: CBU) has benefited from marginal positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CBU is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Community Bank System has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Community Bank System has a neutral Power Rating of 53 and a neutral Appreciation Score of 56, and the Neutral Value Trend Rating results.
Recent Price Action
Community Bank System Inc. (NYSE: CBU) stock closed at $47.06 on 5/6/24 after a large increase of 2.3%. However, this advance was accompanied by below average trading volume at 74% of normal. The stock has risen 5.4% during the last week and has performed in line with the market over the last nine months.
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