Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Eni SpA (NYSE: E) improved in recent days. E’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/13/24, Eni SpA (NYSE: E) stock increased 1.3%, closing at $30.93. Moreover, trading volume in this advance was exceptionally high at 211% of normal. The stock has performed in line with the market over the last nine months and has declined -1.5% during the last week.
Current PriceTarget Research Rating
E’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.
Eni SpA has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Eni SpA has a very high Appreciation Score of 95 but a slightly negative Power Rating of 33, leading to the Positive Value Trend Rating.
Be the first to comment