Central Garden & Pet Co (NASDAQ: CENTA) stock closed at $39.99 on 5/9/24 after a major increase of 11.3%. Moreover, unusually high trading volume at 176% of normal accompanied the advance. The stock has risen 12.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CENTA is expected to continue to be a Value Builder.
Central Garden & Pet has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Central Garden & Pet has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 62, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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