Genesco Inc. (NYSE: GCO) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have impacted Genesco Inc. (NYSE: GCO): the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GCO is expected to be Value Creation neutral.
Genesco has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesco has a good Appreciation Score of 82 but a slightly negative Power Rating of 36, and the High Neutral Value Trend Rating results.
Recent Price Action
Genesco Inc. (NYSE: GCO) stock declined by -2.6% on 9/16/24. The shares closed at $25.05. Moreover, this decline was accompanied by unusually high trading volume at 162% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.5% during the last week.
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