Stock Rating Upgrade
The Value Trend Rating for Apogee Enterprises Inc (NASDAQ: APOG) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Apogee Enterprises Inc (NASDAQ: APOG) stock declined slightly by -0.8% on 5/20/24. The stock closed at $66.00. However, trading volume in this decline was unusually low at 61% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, APOG is expected to continue to be a major Value Builder.
Apogee Enterprises has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Apogee Enterprises has a poor Appreciation Score of 30 but a very high Power Rating of 94, resulting in the Positive Value Trend Rating.
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