Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for HNI Corp (NYSE: HNI) improved of late. HNI’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
HNI Corp (NYSE: HNI) stock declined slightly by -0.2% on 8/9/24. The stock closed at $50.15. However, trading volume in this decline was unusually low at 63% of normal. The stock has been strong relative to the market over the last nine months but has declined -6.8% during the last week.
Current PriceTarget Research Rating
HNI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
HNI has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HNI has a slightly negative Appreciation Score of 35 but a very high Power Rating of 88, and the Positive Value Trend Rating results.
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