Stock Rating Upgrade
The Value Trend Rating for Central Garden & Pet Co (NASDAQ: CENTA) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Central Garden & Pet Co (NASDAQ: CENTA) stock closed at $39.90 on 5/20/24 after a modest gain of 0.4%. NORMAL trading volume accompanied the advance. The stock has declined -0.8% during the last week but 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Central Garden & Pet has a slightly positive Appreciation Score of 61 and a slightly positive Power Rating of 62, with the Positive Value Trend Rating the result.
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