On 7/24/24, IES Holdings Inc (NASDAQ: IESC) stock suffered a major decline of -11.8%, closing at $140.54. Moreover, unusually high trading volume at 178% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IESC is expected to continue to be an important Value Builder.
IES Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. IES Holdings has a poor Appreciation Score of 26 but a very high Power Rating of 99, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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