Steris Plc (NYSE: STE). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Minimal negative changes in Steris Plc (NYSE: STE) fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
STE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Steris has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Steris has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 39, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Steris Plc (NYSE: STE) stock declined slightly by -0.4% on 4/8/24. The stock closed at $212.65. Moreover, this decline was accompanied by above average trading volume at 137% of normal. The stock has performed in line with the market over the last nine months and has declined -5.4% during the last week.
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