Stock Rating Downgrade
The Value Trend Rating for NACCO Industries Inc. (NYSE: NC) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
NACCO Industries Inc. (NYSE: NC) stock rose slightly by 0.04% on 5/1/24. The stock closed at $27.55. However, unusually low trading volume at 60% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -2.1% during the last week.
Current PriceTarget Research Rating
NC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
NACCO Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NACCO Industries has a neutral Appreciation Score of 60 but a poor Power Rating of 22, triggering the Negative Value Trend Rating.
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