For its second fiscal quarter (ending June 30), City Holding Co (NASDAQ: CHCO) has reported a -9% decline in E.P.S. from $2.16 a year ago to $1.96 in the current quarter. However, this performance was $0.05 better than the consensus estimate of $1.91. For the latest four quarters through June 30, E.P.S. were $7.77 versus $7.70 for the same period a year ago — an increase of 1%.
Recent Price Action
City Holding Co (NASDAQ: CHCO) stock closed at $120.54 on 7/23/24 after a modest decline of -1.2%. Moreover, trading volume in this decline was unusually high at 191% of normal. The stock has performed in line with the market over the last nine months and has risen 5.2% 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 (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. City Holding has a neutral Power Rating of 46 and a neutral Appreciation Score of 44, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment