Evaluating Charles River: Insights From 12 Financial Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 12 analysts have provided ratings for Charles River (NYSE:CRL), with a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 14.54% to $211.08. Analysts have lowered their ratings and price targets, reflecting a cautious outlook. Despite challenges in revenue growth, Charles River shows strong profitability and financial health with high net margins, ROE, and ROA.
October 07, 2024 | 12:00 pm
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NEGATIVE IMPACT
Charles River (NYSE:CRL) has received mixed analyst ratings, with a decrease in the average price target by 14.54% to $211.08. Analysts have lowered their ratings and price targets, indicating a cautious outlook. Despite revenue challenges, the company maintains strong profitability and financial health.
The decrease in the average price target and the lowering of ratings by multiple analysts suggest a negative short-term outlook for CRL. The company's revenue challenges contribute to this sentiment, despite its strong profitability metrics. This combination of factors is likely to exert downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100