Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Kforce Inc (NASDAQ: KFRC) weakened during the last several trading days. KFRC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Kforce Inc (NASDAQ: KFRC) stock declined slightly by -0.04% on 4/8/24. The stock closed at $68.39. However, exceptionally low trading volume at 39% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
KFRC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Kforce has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kforce has a very low Appreciation Score of 13 but a good Power Rating of 72, resulting in the Negative Value Trend Rating.
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