Stock Rating Downgrade
The Value Trend Rating for Veeco Instruments Inc (NASDAQ: VECO) 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
On 4/8/24, Veeco Instruments Inc (NASDAQ: VECO) stock enjoyed a large increase of 2.4%, closing at $35.63. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VECO is expected to continue to be an important Value Builder.
Veeco Instruments has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Veeco Instruments has a slightly negative Appreciation Score of 36 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
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