Stock Rating Upgrade
The Value Trend Rating for CNB Financial Corp/PA (NASDAQ: CCNE) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
CNB Financial Corp/PA (NASDAQ: CCNE) stock closed at $20.76 on 12/1/23 after a large increase of 2.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 313% of normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CCNE is expected to continue to be a modest Value Builder.
CNB Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. CNB Financial has a slightly positive Power Rating of 66 and a good Appreciation Score of 71, and the Positive Value Trend Rating results.
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