Extremely significant positive changes in Kenon Holdings Ltd (NYSE: KEN) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Slight positive changes in Kenon Holdings Ltd (NYSE: KEN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
KEN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Kenon Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Kenon Holdings has a slightly positive Power Rating of 62 and a very high Appreciation Score of 92, resulting in the Highest Value Trend Rating.
Recent Price Action
On 3/26/24, Kenon Holdings Ltd (NYSE: KEN) stock increased 1.8%, closing at $25.79. Moreover, exceptionally high trading volume at 363% of normal accompanied the advance. The stock has risen 5.1% during the last week and has performed in line with the market over the last nine months.
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