Stock Rating Downgrade
During the last several trading days the Value Trend Rating for The Cato Corp (NYSE: CATO) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Cato Corp (NYSE: CATO) stock closed at $4.70 on 5/1/24 after a decline of -2.5%. NORMAL trading volume accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -6.2% during the last week.
Current PriceTarget Research Rating
CATO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Cato has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cato has a slightly positive Appreciation Score of 70 but a very low Power Rating of 15, with the Negative Value Trend Rating the result.
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