Stock Rating Downgrade
The Value Trend Rating for City Holding Co (NASDAQ: CHCO) weakened recently 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
On 5/20/24, City Holding Co (NASDAQ: CHCO) stock declined modestly by -1.9%, closing at $102.58. However, this decline was accompanied by below average trading volume at 77% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.2% during the last week.
Current PriceTarget Research Rating
CHCO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
City Holding has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. City Holding has a neutral Appreciation Score of 50 but a good Power Rating of 72, with the High Neutral Value Trend Rating the result.
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