Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Fabrinet (NYSE: FN) weakened in recent days. FN’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Fabrinet (NYSE: FN) stock enjoyed a large increase of 3.7% on 9/13/24. The stock closed at $230.04. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
FN’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.
Fabrinet has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fabrinet has a slightly negative Appreciation Score of 35 but a very high Power Rating of 88, leading to the High Neutral Value Trend Rating.
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