Stock Rating Upgrade
In the last week the Value Trend Rating for Carter Bankshares Inc (NASDAQ: CARE) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Carter Bankshares Inc (NASDAQ: CARE) stock declined modestly by -1.1% on 8/9/24. The stock closed at $15.61. However, unusually low trading volume at 65% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Carter Bankshares has a slightly positive Appreciation Score of 64 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.
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