Chemed Corp (NYSE: CHE). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Slight negative changes in Chemed Corp (NYSE: CHE) fundamentals have recently occurred: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CHE is expected to continue to be a major Value Builder.
Chemed has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Chemed has a poor Appreciation Score of 19 but a very high Power Rating of 87, and the Neutral Value Trend Rating results.
Recent Price Action
Chemed Corp (NYSE: CHE) stock declined modestly by -1.1% on 5/2/24. The stock closed at $559.65. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -9.4% during the last week.
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