Stock Rating Upgrade
The Value Trend Rating for PerkinElmer Inc. (NYSE: PKI) rose significantly recently from F to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
PerkinElmer Inc. (NYSE: PKI) stock closed at $109.33 on 3/8/24 after a modest gain of 0.8%. However, trading volume in this advance was below average at 80% of normal. The stock is unchanged during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PKI is expected to continue to be a modest Value Builder.
PerkinElmer has a current Value Trend Rating of C (Neutral). This VT Rating rose significantly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. PerkinElmer has a good Appreciation Score of 71 but a slightly negative Power Rating of 38, producing the Neutral Value Trend Rating.
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