Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Park Ohio Holdings Corp. (NASDAQ: PKOH) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Park Ohio Holdings Corp. (NASDAQ: PKOH) stock closed at $26.19 on 5/20/24 after a decline of -2.9%. Trading volume in this decline was normal. The stock has declined -3.4% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PKOH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Park Ohio Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Park Ohio Holdings has a neutral Appreciation Score of 53 and a slightly positive Power Rating of 68, with the High Neutral Value Trend Rating the result.
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