Kenon Holdings Ltd (NYSE: KEN) has reported earnings for its second fiscal quarter (ending June 30) of $2.13 versus a loss $-0.56 for the same period a year ago. E.P.S. were $-1.42 for the latest four quarters through June 30 versus $-11.69 for the same period a year ago.
Recent Price Action
Kenon Holdings Ltd (NYSE: KEN) stock closed at $24.54 on 9/9/24 after a slight gain of 0.2%. Trading volume in this advance was normal. The stock has declined -2.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
KEN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Kenon Holdings has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Kenon Holdings has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 60, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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