Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Choiceone Financial Services Inc (NASDAQ: COFS) improved of late. COFS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Choiceone Financial Services Inc (NASDAQ: COFS) stock declined slightly by -0.1%, closing at $26.80. However, trading volume in this decline was exceptionally low at 46% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
COFS’ 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.
Choiceone Financial Services has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Choiceone Financial Services has a neutral Power Rating of 54 but a good Appreciation Score of 84, leading to the Positive Value Trend Rating.
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