Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Oil-Dri Corp of America (NYSE: ODC) improved of late. ODC’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Oil-Dri Corp of America (NYSE: ODC) stock closed at $69.50 on 10/18/24 after a modest decline of -1.4%. Moreover, trading volume in this decline was unusually high at 157% of normal. The stock has risen 3.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
ODC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Oil-Dri has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Oil-Dri has a neutral Appreciation Score of 51 and a neutral Power Rating of 42, triggering the Low Neutral Value Trend Rating.
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