Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Orion Engineered Carbons SA (NYSE: OEC) weakened during the last several trading days. OEC’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
Orion Engineered Carbons SA (NYSE: OEC) stock declined modestly by -1.8% on 3/18/24. The stock closed at $22.37. However, below average trading volume at 69% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OEC is expected to continue to be a major Value Builder.
Orion Engineered Carbons has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Orion Engineered Carbons has a neutral Appreciation Score of 54 but a good Power Rating of 70, triggering the High Neutral Value Trend Rating.
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