Stock Rating Upgrade
The Value Trend Rating for Provident Financial Services Inc (NYSE: PFS) improved recently 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
Provident Financial Services Inc (NYSE: PFS) stock closed at $16.90 on 8/9/24 after a slight decline of -0.8%. 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 -4.9% during the last week.
Current PriceTarget Research Rating
PFS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Provident Financial Services has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Provident Financial Services has a very high Appreciation Score of 88 but a slightly negative Power Rating of 36, resulting in the Positive Value Trend Rating.
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