Camden National Corp (NASDAQ: CAC) stock closed at $49.57 on 11/6/24 after a major increase of 15.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 287% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 17.5% 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 70 and a very high Power Rating of 91, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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