Camden National Corp (NASDAQ: CAC) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for Camden National Corp (NASDAQ: CAC): the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CAC’s 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.
Camden National has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Camden National has a slightly positive Power Rating of 67 and a good Appreciation Score of 72, leading to the Positive Value Trend Rating.
Recent Price Action
On 9/11/24, Camden National Corp (NASDAQ: CAC) stock rose modestly by 0.4%, closing at $37.92. Moreover, this advance was accompanied by exceptionally high trading volume at 200% of normal. The stock has performed in line with the market over the last nine months and has declined -4.1% during the last week.
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