Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Old Republic International Corp (NYSE: ORI) improved recently. ORI’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
On 4/8/24, Old Republic International Corp (NYSE: ORI) stock declined slightly by -0.6%, closing at $30.75. However, trading volume in this decline was below average at 69% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ORI is expected to continue to be a Value Builder.
Old Republic has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Old Republic has a neutral Appreciation Score of 52 but a good Power Rating of 77, resulting in the Positive Value Trend Rating.
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