Stock Rating Upgrade
In recent days the Value Trend Rating for NL Industries Inc. (NYSE: NL) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
NL Industries Inc. (NYSE: NL) stock increased 2.0% on 4/8/24. The shares closed at $8.34. Moreover, this advance was accompanied by above average trading volume at 136% of normal. The stock has been strong relative to the market over the last nine months and has risen 13.8% during the last week.
Current PriceTarget Research Rating
NL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NL Industries has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NL Industries has a neutral Appreciation Score of 52 but a good Power Rating of 79, and the Positive Value Trend Rating results.
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