Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Lakeland Financial Corp (NASDAQ: LKFN) improved during the last several trading days. LKFN’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Lakeland Financial Corp (NASDAQ: LKFN) stock closed at $64.17 on 9/27/24 after a slight decline of -0.2%. However, this decline was accompanied by unusually low trading volume at 63% of normal. The stock has performed in line with the market over the last nine months and has declined -7.9% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Financial has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 38, and the Low Neutral Value Trend Rating results.
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