UniFirst Corp (NYSE: UNF) has reported earnings for its third fiscal quarter (ending May 31) of $2.04 versus $1.30 for the same period a year ago. E.P.S. were $6.88 for the latest four quarters through May 31 versus $5.47 for the same period a year ago.
Recent Price Action
UniFirst Corp (NYSE: UNF) stock closed at $176.04 on 6/26/24 after a major increase of 14.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 270% of normal. The stock has been weak relative to the market over the last nine months but has risen 12.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, UNF is expected to continue to be a modest Value Builder.
UniFirst has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. UniFirst has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 33, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and 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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