Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Thermon Group Holdings Inc (NYSE: THR) improved recently. THR’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Thermon Group Holdings Inc (NYSE: THR) stock closed at $30.93 on 4/12/24 after a decline of -2.0%. However, this decline was accompanied by unusually low trading volume at 59% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, THR is expected to continue to be an important Value Builder.
Thermon Group Holdings has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Thermon Group Holdings has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 56, and the Low Neutral Value Trend Rating results.
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