Stock Rating Downgrade
In recent days the Value Trend Rating for Empresa Distribuidora y Comercia (NYSE: EDN) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Empresa Distribuidora y Comercia (NYSE: EDN) stock declined by -2.6% on 5/31/24. The shares closed at $18.16. Moreover, trading volume in this decline was unusually high at 165% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, EDN is expected to be Value Creation neutral.
Empresa Distribuidora y Comercia 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. Empresa Distribuidora y Comercia has a slightly negative Appreciation Score of 34 but a good Power Rating of 83, producing the High Neutral Value Trend Rating.
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