Alert: Positive Investment/Fundamental Signals (7/19/24)-UniFirst Corp (NYSE: UNF)

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UniFirst Corp (NYSE: UNF) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.

UniFirst Corp (NYSE: UNF). Significant positive changes in fundamentals have recently occurred: the consensus estimate for August, 2025 increased significantly, and the consensus estimate for August, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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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 C (Low Neutral). 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 47 and a slightly negative Power Rating of 40, with the Low Neutral Value Trend Rating the result.

Recent Price Action

UniFirst Corp (NYSE: UNF) stock closed at $185.30 on 7/19/24 after a large increase of 2.3%. Moreover, exceptionally high trading volume at 218% of normal accompanied the advance. The stock has risen 8.6% during the last week but has been weak relative to the market over the last nine months.

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