Stock Rating Downgrade
In the last week the Value Trend Rating for CNX Resources Corp (NYSE: CNX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
CNX Resources Corp (NYSE: CNX) stock closed at $24.12 on 4/8/24 after being unchanged was unchanged. However, below average trading volume at 72% of normal accompanied the flat performance. The stock has risen 1.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
CNX is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
CNX Resources has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CNX Resources has a good Appreciation Score of 80 but a neutral Power Rating of 45, and the High Neutral Value Trend Rating results.
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