Stock Rating Downgrade
In the last week the Value Trend Rating for Precision Drilling Corp (NYSE: PDS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Precision Drilling Corp (NYSE: PDS) stock closed at $76.52 on 4/8/24 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has risen 13.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDS is expected to be a modest Value Builder.
Precision Drilling 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. Precision Drilling has a very high Appreciation Score of 90 but a slightly negative Power Rating of 34, resulting in the High Neutral Value Trend Rating.
Be the first to comment