Stock Rating Upgrade
The Value Trend Rating for National Healthcare Corp (NYSEAMERICAN: NHC) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, National Healthcare Corp (NYSEAMERICAN: NHC) stock declined by -2.4%, closing at $96.27. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has declined -4.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NHC is expected to continue to be a modest Value Builder.
National Healthcare 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. National Healthcare has a neutral Appreciation Score of 40 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
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