Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Kearny Financial Corp (NASDAQ: KRNY) weakened during the last several trading days. KRNY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Kearny Financial Corp (NASDAQ: KRNY) stock closed at $5.90 on 3/18/24 after a slight decline of -0.3%. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has declined -7.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
KRNY’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Kearny Financial has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kearny Financial has a good Appreciation Score of 76 but a neutral Power Rating of 49, producing the High Neutral Value Trend Rating.
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