Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Lakeland Financial Corp (NASDAQ: LKFN) improved during the last several trading days. LKFN’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
Lakeland Financial Corp (NASDAQ: LKFN) stock closed at $61.41 on 4/8/24 after an increase of 1.1%. However, trading volume in this advance was unusually low at 57% of normal. The stock has declined -7.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LKFN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Lakeland Financial 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 very contradictory signals. Lakeland Financial has a slightly negative Appreciation Score of 38 but a very high Power Rating of 90, resulting in the Positive Value Trend Rating.
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