Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for PennantPark Floating Rate Capita (NYSE: PFLT) improved in recent days. PFLT’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
PennantPark Floating Rate Capita (NYSE: PFLT) stock rose modestly by 0.7% on 4/8/24. The stock closed at $11.33. However, trading volume in this advance was exceptionally low at 44% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
PFLT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PennantPark Floating Rate Capita has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PennantPark Floating Rate Capita has a neutral Appreciation Score of 59 and a slightly positive Power Rating of 68, with the Positive Value Trend Rating the result.
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