Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kellogg Co (NYSE: K) improved recently. K’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
Kellogg Co (NYSE: K) stock rose modestly by 0.4% on 11/8/24. The stock closed at $81.00. However, unusually low trading volume at 58% of normal accompanied the advance. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
K’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Kellogg has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kellogg has a slightly negative Appreciation Score of 35 but a very high Power Rating of 94, with the Positive Value Trend Rating the result.
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