Douglas Dynamics Inc (NYSE: PLOW) stock closed at $22.97 on 10/29/24 after a major decline of -11.9%. Moreover, trading volume in this decline was exceptionally high at 437% of normal. Relative to the market the stock has been strong over the last nine months but has declined -12.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PLOW is expected to continue to be a major Value Builder.
Douglas Dynamics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Douglas Dynamics has a poor Appreciation Score of 23 but a good Power Rating of 76, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment