Stock Rating Downgrade
The Value Trend Rating for Empresa Distribuidora y Comercia (NYSE: EDN) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Empresa Distribuidora y Comercia (NYSE: EDN) stock closed at $19.95 on 12/15/23 after a large increase of 4.9%. Moreover, unusually high trading volume at 161% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 18.1% during the last week.
Current PriceTarget Research Rating
EDN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Empresa Distribuidora y Comercia 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 very contradictory signals. Empresa Distribuidora y Comercia has a poor Appreciation Score of 29 but a very high Power Rating of 88, with the High Neutral Value Trend Rating the result.
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