Choiceone Financial Services Inc (NASDAQ: COFS) stock suffered a major decline of -12.4% on 7/5/24. The shares closed at $25.12. Moreover, trading volume in this decline was exceptionally high at 353% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.2% during the last week.
Current PriceTarget Research Rating
COFS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Choiceone Financial Services has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Choiceone Financial Services has a neutral Power Rating of 56 but a good Appreciation Score of 77, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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