Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Evolent Health Inc (NYSE: EVH) improved recently. EVH’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Evolent Health Inc (NYSE: EVH) stock declined by -4.1% on 10/18/24. The shares closed at $23.94. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -10.7% during the last week.
Current PriceTarget Research Rating
EVH’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.
Evolent Health has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Evolent Health has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 38, producing the Low Neutral Value Trend Rating.
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