Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cal Maine Foods Inc (NASDAQ: CALM) weakened of late. CALM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Cal Maine Foods Inc (NASDAQ: CALM) stock declined modestly by -1.3% on 5/3/24. The stock closed at $56.80. However, below average trading volume at 75% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
CALM is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Cal Maine Foods has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cal Maine Foods has a slightly negative Appreciation Score of 39 but a good Power Rating of 83, triggering the High Neutral Value Trend Rating.
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