Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for DXP Enterprises Inc (NASDAQ: DXPE) weakened of late. DXPE’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
On 11/8/24, DXP Enterprises Inc (NASDAQ: DXPE) stock declined modestly by -1.1%, closing at $71.10. Moreover, this decline was accompanied by exceptionally high trading volume at 245% of normal. The stock has been strong relative to the market over the last nine months and has risen 44.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DXPE is expected to continue to be an important Value Builder.
DXP Enterprises has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DXP Enterprises has a neutral Appreciation Score of 40 but a good Power Rating of 79, triggering the High Neutral Value Trend Rating.
Be the first to comment