For its third fiscal quarter (ending September 30), Camden National Corp (NASDAQ: CAC) has reported a 34% increase in E.P.S. from $0.67 a year ago to $0.90 in the current quarter. For the latest four quarters through September 30, E.P.S. were $3.21 versus $3.44 for the same period a year ago — a decline of -7%.
Recent Price Action
Camden National Corp (NASDAQ: CAC) stock increased 1.8% on 10/29/24. The shares closed at $42.20. However, below average trading volume at 76% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% during the last week.
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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Camden National has a good Appreciation Score of 73 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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