Core Laboratories NV (NYSE: CLB) stock enjoyed a major increase of 10.6% on 11/6/24. The shares closed at $21.61. Moreover, trading volume in this advance was unusually high at 162% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLB is expected to continue to be a major Value Builder.
Core Laboratories has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Core Laboratories has a poor Appreciation Score of 15 but a good Power Rating of 76, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment