Tredegar Corp (NYSE: TG) has reported E.P.S. of $0.26 for its second fiscal quarter (ending June 30) versus $-0.56 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-2.16 versus $-0.67 for the same period a year ago.
Recent Price Action
Tredegar Corp (NYSE: TG) stock closed at $5.39 on 8/7/24 after a very large increase of 7.4%. Moreover, this advance was accompanied by unusually high trading volume at 152% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TG is expected to be Value Creation neutral.
Tredegar has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Tredegar has a poor Appreciation Score of 18 but a slightly positive Power Rating of 60, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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