Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for RGC Resources Inc (NASDAQ: RGCO) improved in recent days. RGCO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/10/24, RGC Resources Inc (NASDAQ: RGCO) stock declined modestly by -1.1%, closing at $20.77. However, exceptionally low trading volume at 38% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
RGCO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
RGC Resources has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. RGC Resources has a poor Appreciation Score of 19 but a slightly positive Power Rating of 69, and the Low Neutral Value Trend Rating results.
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