Extremely important positive changes in investment behavior have recently occurred for United Fire Group Inc (NASDAQ: UFCS): positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
United Fire Group Inc (NASDAQ: UFCS). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
UFCS is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
United Fire Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United Fire Group has a neutral Appreciation Score of 45 and a neutral Power Rating of 52, triggering the Neutral Value Trend Rating.
Recent Price Action
United Fire Group Inc (NASDAQ: UFCS) stock increased 1.1% on 9/19/24. The shares closed at $21.20. Moreover, this advance was accompanied by exceptionally high trading volume at 221% of normal. The stock has performed in line with the market over the last nine months and has risen 6.5% during the last week.
Be the first to comment