Stock Rating Downgrade
In recent days the Value Trend Rating for Cal Maine Foods Inc (NASDAQ: CALM) fell significantly from A to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Cal Maine Foods Inc (NASDAQ: CALM) stock closed at $54.91 on 1/12/24 after an increase of 1.2%. However, unusually low trading volume at 50% of normal accompanied the advance. The stock has declined -2.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CALM is expected to be Value Creation neutral.
Cal Maine Foods 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 contradictory signals. Cal Maine Foods has a poor Appreciation Score of 24 but a slightly positive Power Rating of 61, with the Negative Value Trend Rating the result.
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