Lancaster Colony Corp (NASDAQ: LANC) stock closed at $173.23 on 8/22/24 after a major decline of -12.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 476% of normal. The stock has declined -11.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LANC is expected to continue to be a major Value Builder.
Lancaster Colony has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lancaster Colony has a very low Appreciation Score of 10 but a slightly positive Power Rating of 68, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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