Park National Corp (NYSEAMERICAN: PRK) has reported earnings for its third fiscal quarter (ending September 30) of $2.37 versus $2.29 for the same period a year ago — an increase of 3%. For the latest four quarters through September 30, E.P.S. were $8.51 compared to $8.35 a year ago — an increase of 2%.
Recent Price Action
Park National Corp (NYSEAMERICAN: PRK) stock closed at $172.83 on 10/28/24 after a large increase of 3.7%. However, this advance was accompanied by below average trading volume at 79% of normal. The stock has declined -1.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PRK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Park National has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Park National has a slightly negative Appreciation Score of 39 but a very high Power Rating of 85, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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