Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for EVERGY INC (NASDAQ: EVRG) improved in the last week. EVRG’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
EVERGY INC (NASDAQ: EVRG) stock declined slightly by -0.5% on 8/9/24. The stock closed at $58.69. Moreover, this decline was accompanied by above average trading volume at 120% of normal. The stock has declined -1.8% during the last week but has been strong relative to 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, EVRG is expected to continue to be an important Value Builder.
EVERGY INC 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. EVERGY INC has a neutral Appreciation Score of 59 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.
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