Stock Rating Upgrade
The Value Trend Rating for Steris Plc (NYSE: STE) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 10/11/24, Steris Plc (NYSE: STE) stock rose modestly by 0.3%, closing at $226.90. However, trading volume in this advance was normal at 83% of normal. The stock has performed in line with the market over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
STE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Steris has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Steris has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 58, producing the Low Neutral Value Trend Rating.
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