On 11/14/23, Valley National Bancorp (NASDAQ: VLY) stock enjoyed a major increase of 10.6%, closing at $8.66. The stock has performed in line with the market over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, VLY is expected to continue to be a Value Builder.
Valley National Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Valley National Bancorp has a very high Appreciation Score of 87 but a slightly negative Power Rating of 35, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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