Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for RGC Resources Inc (NASDAQ: RGCO) weakened during the last several trading days. RGCO’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
RGC Resources Inc (NASDAQ: RGCO) stock closed at $21.54 on 8/1/24 after a decline of -4.3%. Trading volume in this decline was normal. The stock has declined -0.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RGCO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
RGC Resources has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RGC Resources has a poor Appreciation Score of 18 but a slightly positive Power Rating of 66, and the Negative Value Trend Rating results.
Be the first to comment