Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Kearny Financial Corp (NASDAQ: KRNY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Kearny Financial Corp (NASDAQ: KRNY) stock declined slightly by -0.5% on 4/26/24. The stock closed at $5.72. However, below average trading volume at 70% of normal accompanied the decline. The stock has risen 3.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
KRNY’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Kearny Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kearny Financial has a good Appreciation Score of 77 but a neutral Power Rating of 48, triggering the Positive Value Trend Rating.
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