Stock Rating Downgrade
In the last week the Value Trend Rating for Kearny Financial Corp (NASDAQ: KRNY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/1/24, Kearny Financial Corp (NASDAQ: KRNY) stock enjoyed a large increase of 2.0%, closing at $5.51. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -6.0% during the last week.
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 C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kearny Financial has a good Appreciation Score of 79 but a slightly negative Power Rating of 38, producing the High Neutral Value Trend Rating.
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