Stock Rating Downgrade
The Value Trend Rating for SFL Corp Ltd (NYSE: SFL) weakened in recent days 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
SFL Corp Ltd (NYSE: SFL) stock closed at $13.24 on 4/26/24 after a modest gain of 0.8%. However, unusually low trading volume at 62% of normal accompanied the advance. The stock has risen 6.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SFL is expected to continue to be an important Value Builder.
SFL has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. SFL has a slightly negative Appreciation Score of 38 but a good Power Rating of 85, resulting in the High Neutral Value Trend Rating.
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