Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Empresa Distribuidora y Comercia (NYSE: EDN) weakened in recent days. EDN’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
Empresa Distribuidora y Comercia (NYSE: EDN) stock increased 1.2% on 4/8/24. The shares closed at $19.53. Moreover, trading volume in this advance was above average at 143% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.4% during the last week.
Current PriceTarget Research Rating
EDN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Empresa Distribuidora y Comercia has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Empresa Distribuidora y Comercia has a slightly negative Appreciation Score of 31 but a good Power Rating of 82, producing the Neutral Value Trend Rating.
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