Stock Rating Downgrade
Of late the Value Trend Rating for Entergy Corp. (NYSE: ETR) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/22/20, Entergy Corp. (NYSE: ETR) stock rose modestly by 0.3%, closing at $97.96. However, this advance was accompanied by unusually low trading volume at 54% of normal. The stock has performed in line with the market over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ETR is expected to continue to be a Value Builder.
Entergy 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. Entergy has a poor Appreciation Score of 28 but a good Power Rating of 72, with the Neutral Value Trend Rating the result.