Stock Rating Upgrade
The Value Trend Rating for Kforce Inc (NASDAQ: KFRC) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, Kforce Inc (NASDAQ: KFRC) stock declined slightly by -0.2%, closing at $68.44. However, trading volume in this decline was below average at 77% of normal. Relative to the market the stock has been strong over the last nine months but has declined -6.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KFRC is expected to continue to be a major Value Builder.
Kforce has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kforce has a very low Appreciation Score of 12 but a good Power Rating of 78, triggering the Low Neutral Value Trend Rating.
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