Alert: Positive Investment/Fundamental Signals (11/2/23)-City Holding Co (NASDAQ: CHCO)


City Holding Co (NASDAQ: CHCO) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

City Holding Co (NASDAQ: CHCO). Minimal positive changes in fundamentals have recently occurred: significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

CHCO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

City Holding has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. City Holding has a slightly negative Appreciation Score of 30 but a slightly positive Power Rating of 62, with the Low Neutral Value Trend Rating the result.

Recent Price Action

City Holding Co (NASDAQ: CHCO) stock closed at $94.93 on 11/2/23 after a large increase of 3.3%. The stock has performed in line with the market over the last nine months and has risen 5.9% during the last week.

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