Stock Rating Upgrade
The Value Trend Rating for Provident Financial Services Inc (NYSE: PFS) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Provident Financial Services Inc (NYSE: PFS) stock increased 1.8%, closing at $14.65. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 0.5% during the last week.
Current PriceTarget Research Rating
PFS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Provident Financial Services has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Provident Financial Services has a very high Appreciation Score of 92 but a slightly negative Power Rating of 35, leading to the Positive Value Trend Rating.
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