Stock Rating Downgrade
Recently the Value Trend Rating for Central Garden & Pet Co (NASDAQ: CENTA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/1/24, Central Garden & Pet Co (NASDAQ: CENTA) stock declined slightly by -0.7%, closing at $34.13. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CENTA is expected to continue to be a Value Builder.
Central Garden & Pet has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Central Garden & Pet has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 70, leading to the High Neutral Value Trend Rating.
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