Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for DXP Enterprises Inc (NASDAQ: DXPE) improved during the last several trading days. DXPE’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
DXP Enterprises Inc (NASDAQ: DXPE) stock rose modestly by 0.3% on 4/8/24. The stock closed at $55.92. However, this advance was accompanied by below average trading volume at 72% of normal. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DXPE is expected to continue to be an important Value Builder.
DXP Enterprises has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DXP Enterprises has a neutral Appreciation Score of 44 but a good Power Rating of 85, leading to the Positive Value Trend Rating.
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