Stock Rating Upgrade
The Value Trend Rating for Simpson Manufacturing Co. Inc. (NYSE: SSD) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Simpson Manufacturing Co. Inc. (NYSE: SSD) stock declined slightly by -1.0% on 3/18/24. The stock closed at $195.27. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.7% during the last week.
Current PriceTarget Research Rating
SSD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Simpson Manufacturing Co has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Simpson Manufacturing Co has a neutral Appreciation Score of 42 but a very high Power Rating of 96, with the Positive Value Trend Rating the result.
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