For its second fiscal quarter (ending June 30), Associated Capital Group Inc (NYSE: AC) has reported a -7% decline in E.P.S. from $0.15 a year ago to $0.14 in the current quarter. For the latest four quarters through June 30, E.P.S. were $1.54 versus $0.83 for the same period a year ago — an increase of 86%.
Recent Price Action
Associated Capital Group Inc (NYSE: AC) stock increased 1.1% on 8/7/24. The shares closed at $32.91. However, trading volume in this advance was exceptionally low at 24% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AC is expected to continue to be Value Creation neutral.
Associated Capital Group 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 highly consistent signals. Associated Capital Group has a neutral Appreciation Score of 52 and a neutral Power Rating of 41, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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