Stock Rating Downgrade
The Value Trend Rating for ePlus Inc (NASDAQ: PLUS) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ePlus Inc (NASDAQ: PLUS) stock declined slightly by -0.3% on 8/16/24. The stock closed at $91.67. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
PLUS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ePlus has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ePlus has a neutral Appreciation Score of 50 but a good Power Rating of 71, and the High Neutral Value Trend Rating results.
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