Stock Rating Upgrade
The Value Trend Rating for Ingles Markets Inc (NASDAQ: IMKTA) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Ingles Markets Inc (NASDAQ: IMKTA) stock enjoyed a large increase of 2.2% on 9/13/24. The stock closed at $73.43. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IMKTA is expected to continue to be a Value Builder.
Ingles Markets has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ingles Markets has a very high Appreciation Score of 89 but a slightly negative Power Rating of 38, leading to the Positive Value Trend Rating.
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