Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Chesapeake Utilities Corp. (NYSE: CPK) improved in recent days. CPK’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Chesapeake Utilities Corp. (NYSE: CPK) stock declined slightly by -0.02% on 11/29/24. The stock closed at $131.75. However, trading volume in this decline was unusually low at 56% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
Chesapeake Utilities has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Chesapeake Utilities has a neutral Appreciation Score of 46 but a good Power Rating of 83, triggering the Positive Value Trend Rating.
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