Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Amdocs Ltd (NASDAQ: DOX) weakened during the last several trading days. DOX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Amdocs Ltd (NASDAQ: DOX) stock declined slightly by -0.6% on 4/8/24. The stock closed at $87.32. However, this decline was accompanied by below average trading volume at 78% of normal. The stock has performed in line with the market over the last nine months and has declined -3.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DOX is expected to continue to be a major Value Builder.
Amdocs has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Amdocs has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 51, resulting in the Negative Value Trend Rating.
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