Stock Rating Downgrade
The Value Trend Rating for CBIZ Inc (NYSE: CBZ) weakened during the last several trading days 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
CBIZ Inc (NYSE: CBZ) stock closed at $77.00 on 5/10/24 after a modest gain of 0.7%. However, exceptionally low trading volume at 48% of normal accompanied the advance. The stock has risen 6.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CBZ is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
CBIZ has a current Value Trend Rating of C (High Neutral). 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 30 but a very high Power Rating of 92, triggering the High Neutral Value Trend Rating.
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