Stock Rating Downgrade
The Value Trend Rating for Masimo Corp (NASDAQ: MASI) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Masimo Corp (NASDAQ: MASI) stock rose modestly by 0.8% on 7/1/20. The stock closed at $229.70. However, trading volume in this advance was below average at 70% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MASI is expected to continue to be a Value Builder.
Masimo has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Masimo has a very low Appreciation Score of 14 but a very high Power Rating of 95, and the High Neutral Value Trend Rating results.