Camden National Corp (NASDAQ: CAC) has reported earnings for its second fiscal quarter (ending June 30) of $0.82 versus $0.85 for the same period a year ago. E.P.S. were $2.98 for the latest four quarters through June 30 versus $3.74 for the same period a year ago.
Recent Price Action
Camden National Corp (NASDAQ: CAC) stock closed at $41.38 on 7/30/24 after a large increase of 3.3%. Moreover, exceptionally high trading volume at 223% of normal accompanied the advance. The stock has risen 9.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CAC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Camden National has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Camden National has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 36, leading to the Neutral Value Trend Rating.
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.
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