Stock Rating Upgrade
The Value Trend Rating for Principal Financial Group Inc (NASDAQ: PFG) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Principal Financial Group Inc (NASDAQ: PFG) stock declined by -2.5% on 8/1/24. The shares closed at $79.46. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PFG is expected to continue to be a major Value Builder.
Principal Financial Group 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 inconsistent signals. Principal Financial Group has a neutral Appreciation Score of 48 but a good Power Rating of 75, producing the Positive Value Trend Rating.
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