Extremely significant positive changes in Fabrinet (NYSE: FN) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Fabrinet (NYSE: FN): the consensus estimate for June, 2025 increased significantly, and the consensus estimate for June, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fabrinet has a poor Appreciation Score of 23 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
Recent Price Action
Fabrinet (NYSE: FN) stock closed at $244.79 on 6/28/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by unusually high trading volume at 152% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
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