Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Amdocs Ltd (NASDAQ: DOX) weakened in recent days. DOX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Amdocs Ltd (NASDAQ: DOX) stock rose modestly by 0.4% on 5/20/24. The stock closed at $82.04. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has declined -1.4% during the last week.
Current PriceTarget Research Rating
DOX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Amdocs has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Amdocs has a neutral Power Rating of 46 and a slightly negative Appreciation Score of 38, producing the Negative Value Trend Rating.
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