Stock Rating Upgrade
Recently the Value Trend Rating for Enovis Corporation (NYSE: ENOV) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Enovis Corporation (NYSE: ENOV) stock declined modestly by -1.1% on 3/18/24. The stock closed at $58.74. However, trading volume in this decline was below average at 79% of normal. The stock has performed in line with the market over the last nine months and has declined -5.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ENOV is expected to continue to be a modest Value Builder.
Enovis has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enovis has a neutral Power Rating of 45 and a neutral Appreciation Score of 45, producing the Low Neutral Value Trend Rating.
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