The Cato Corp (NYSE: CATO) stock closed at $5.28 on 9/27/24 after a major increase of 12.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 327% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.3% during the last week.
Current PriceTarget Research Rating
CATO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Cato has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cato has a good Appreciation Score of 70 but a poor Power Rating of 23, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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