Recent extremely meaningful negative changes in investment behavior have impacted Heritage Insurance Holdings Inc (NYSE: HRTG): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent meaningful negative changes in fundamentals have impacted Heritage Insurance Holdings Inc (NYSE: HRTG): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HRTG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Heritage Insurance Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Insurance Holdings has a neutral Appreciation Score of 57 but a very high Power Rating of 89, resulting in the Highest Value Trend Rating.
Recent Price Action
On 6/20/24, Heritage Insurance Holdings Inc (NYSE: HRTG) stock declined by -2.9%, closing at $7.28. However, trading volume in this decline was below average at 67% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.9% during the last week.
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