Financial Institutions Inc (NASDAQ: FISI) stock closed at $27.58 on 7/30/24 after a major increase of 10.7%. Moreover, exceptionally high trading volume at 423% of normal accompanied the advance. The stock has risen 21.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FISI is expected to continue to be a modest Value Builder.
Financial Institutions has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Financial Institutions has a good Appreciation Score of 83 but a slightly negative Power Rating of 37, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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