Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Federated Hermes Inc (NYSE: FHI) improved of late. FHI’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Federated Hermes Inc (NYSE: FHI) stock declined modestly by -1.7% on 8/1/24. The stock closed at $33.74. Moreover, this decline was accompanied by unusually high trading volume at 155% of normal. The stock has performed in line with the market over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
FHI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Federated Hermes has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Federated Hermes has a neutral Appreciation Score of 59 and a slightly positive Power Rating of 65, with the Positive Value Trend Rating the result.
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