Stock Rating Upgrade
The Value Trend Rating for Enovis Corporation (NYSE: ENOV) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Enovis Corporation (NYSE: ENOV) stock declined slightly by -0.4% on 8/9/24. The stock closed at $43.40. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -6.7% during the last week.
Current PriceTarget Research Rating
ENOV is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Enovis has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Enovis has a slightly positive Appreciation Score of 60 but a poor Power Rating of 25, triggering the Low Neutral Value Trend Rating.
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