Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Community Trust Bancorp Inc (NASDAQ: CTBI) improved in the last week. CTBI’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 7/29/24, Community Trust Bancorp Inc (NASDAQ: CTBI) stock declined by -3.3%, closing at $50.41. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
CTBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Community Trust Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Community Trust Bancorp has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 63, triggering the Positive Value Trend Rating.
Be the first to comment