First Commonwealth Financial Cor (NYSE: FCF) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for First Commonwealth Financial Cor (NYSE: FCF): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FCF’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First Commonwealth Financial Cor 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. First Commonwealth Financial Cor has a good Appreciation Score of 79 but a neutral Power Rating of 41, triggering the High Neutral Value Trend Rating.
Recent Price Action
First Commonwealth Financial Cor (NYSE: FCF) stock increased 1.5% on 6/28/24. The shares closed at $13.81. Moreover, this advance was accompanied by exceptionally high trading volume at 295% of normal. The stock has performed in line with the market over the last nine months and has risen 4.8% during the last week.
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