Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for RLI Corp (NYSE: RLI) weakened during the last several trading days. RLI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
RLI Corp (NYSE: RLI) stock closed at $136.15 on 1/5/24 after a modest gain of 0.3%. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RLI is expected to continue to be an important Value Builder.
RLI has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RLI has a very low Appreciation Score of 13 but a good Power Rating of 71, triggering the Negative Value Trend Rating.
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