Alert: Positive Investment/Fundamental Signals (9/11/24)-Smith & Nephew PLC (NYSE: SNN)

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Smith & Nephew PLC (NYSE: SNN) has benefited from important positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Recent notable positive changes in investment behavior have benefitted Smith & Nephew PLC (NYSE: SNN): the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

SNN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Smith & Nephew has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Smith & Nephew has a poor Appreciation Score of 28 but a slightly positive Power Rating of 61, with the Low Neutral Value Trend Rating the result.

Recent Price Action

On 9/11/24, Smith & Nephew PLC (NYSE: SNN) stock declined slightly by -0.3%, closing at $31.54. However, this decline was accompanied by exceptionally low trading volume at 31% of normal. The stock has risen 2.8% during the last week and has been strong relative to the market over the last nine months.

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