Stock Rating Downgrade
The Value Trend Rating for Lakeland Financial Corp (NASDAQ: LKFN) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Lakeland Financial Corp (NASDAQ: LKFN) stock declined modestly by -1.0%, closing at $61.59. However, trading volume in this decline was exceptionally low at 44% of normal. The stock has performed in line with the market over the last nine months and has declined -5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LKFN is expected to continue to be a Value Builder.
Lakeland Financial has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lakeland Financial has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 35, resulting in the Negative Value Trend Rating.
Be the first to comment