Camden National Corp (NASDAQ: CAC) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for Camden National Corp (NASDAQ: CAC): significant quarterly sales acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
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
CAC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Camden National has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Camden National has a neutral Appreciation Score of 57 and a neutral Power Rating of 49, with the Neutral Value Trend Rating the result.
Recent Price Action
Camden National Corp (NASDAQ: CAC) stock closed at $36.21 on 12/4/23 after a modest gain of 0.6%. However, trading volume in this advance was exceptionally low at 49% of normal. The stock has performed in line with the market over the last nine months and has risen 6.5% during the last week.
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