On 11/6/24, Mueller Industries Inc. (NYSE: MLI) stock enjoyed a major increase of 12.1%, closing at $95.00. Moreover, this advance was accompanied by exceptionally high trading volume at 207% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.5% during the last week.
Current PriceTarget Research Rating
MLI’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.
Mueller Industries has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Mueller Industries has a neutral Appreciation Score of 57 but a very high Power Rating of 89, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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