Stock Rating Downgrade
Recently the Value Trend Rating for National Healthcare Corp (NYSEAMERICAN: NHC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
National Healthcare Corp (NYSEAMERICAN: NHC) stock increased 1.7% on 11/10/23. The shares closed at $71.79. The stock has risen 5.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NHC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
National Healthcare has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. National Healthcare has a slightly negative Appreciation Score of 33 but a very high Power Rating of 91, leading to the High Neutral Value Trend Rating.
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