Stock Rating Downgrade
Of late the Value Trend Rating for City Holding Co (NASDAQ: CHCO) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 10/11/24, City Holding Co (NASDAQ: CHCO) stock enjoyed a large increase of 2.8%, closing at $118.50. However, this advance was accompanied by below average trading volume at 77% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
CHCO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
City Holding has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. City Holding has a neutral Appreciation Score of 47 and a slightly positive Power Rating of 67, producing the Neutral Value Trend Rating.
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