Recent exceptional positive changes in investment behavior have benefitted First Citizens BancShares Inc (NASDAQ: FCNCA): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted First Citizens BancShares Inc (NASDAQ: FCNCA): significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FCNCA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First Citizens BancShares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Citizens BancShares has a very high Power Rating of 89 and a very high Appreciation Score of 98, producing the Highest Value Trend Rating.
Recent Price Action
First Citizens BancShares Inc (NASDAQ: FCNCA) stock declined slightly by -0.3% on 9/11/24. The stock closed at $1819.60. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.4% during the last week.
Be the first to comment