Stock Rating Downgrade
The Value Trend Rating for ACNB Corp (NASDAQ: ACNB) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ACNB Corp (NASDAQ: ACNB) stock closed at $34.16 on 4/26/24 after a large increase of 2.9%. However, unusually low trading volume at 58% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
ACNB’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.
ACNB 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 consistent signals. ACNB has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 66, and the High Neutral Value Trend Rating results.
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