Chemed Corp (NYSE: CHE) stock closed at $535.80 on 10/30/24 after a major decline of -12.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 345% of normal. The stock has declined -9.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CHE is expected to continue to be a major Value Builder.
Chemed has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Chemed has a poor Appreciation Score of 22 but a neutral Power Rating of 57, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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