For its fourth fiscal quarter (ending March 31), CorVel Corp. (NASDAQ: CRVL) has reported E.P.S. of $1.13 compared to $1.06 a year ago. For the latest four quarters through March 31, E.P.S. were $4.45 compared to $3.83 a year ago.
Recent Price Action
On 5/22/24, CorVel Corp. (NASDAQ: CRVL) stock increased 1.3%, closing at $280.12. Trading volume in this advance was normal. The stock has risen 6.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CRVL’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.
CorVel has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CorVel has a very low Appreciation Score of 4 but a good Power Rating of 75, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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