Stock Rating Upgrade
The Value Trend Rating for City Holding Co (NASDAQ: CHCO) improved in the last week 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
City Holding Co (NASDAQ: CHCO) stock closed at $101.95 on 4/8/24 after a modest gain of 0.4%. However, exceptionally low trading volume at 38% of normal accompanied the advance. The stock has declined -2.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CHCO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
City Holding has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. City Holding has a neutral Appreciation Score of 50 but a good Power Rating of 78, leading to the Positive Value Trend Rating.
Be the first to comment