Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Globe Life Inc (NYSE: GL) weakened in recent days. GL’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Globe Life Inc (NYSE: GL) stock rose slightly by 0.2% on 8/1/24. The stock closed at $92.95. However, trading volume in this advance was unusually low at 57% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 5.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GL is expected to continue to be a major Value Builder.
Globe Life has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Globe Life has a neutral Appreciation Score of 50 but a poor Power Rating of 29, producing the Negative Value Trend Rating.
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