Stock Rating Upgrade
In recent days the Value Trend Rating for HNI Corp (NYSE: HNI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
HNI Corp (NYSE: HNI) stock closed at $39.69 on 12/1/23 after an increase of 1.6%. NORMAL trading volume accompanied the advance. The stock has risen 1.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HNI is expected to continue to be an important Value Builder.
HNI has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HNI has a slightly negative Appreciation Score of 31 but a very high Power Rating of 96, resulting in the Positive Value Trend Rating.
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