Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Logitech International SA, Apple (NASDAQ: LOGI) weakened during the last several trading days. LOGI’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/3/24, Logitech International SA, Apple (NASDAQ: LOGI) stock rose modestly by 0.4%, closing at $82.09. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
LOGI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Logitech International SA, Apple has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Logitech International SA, Apple has a poor Appreciation Score of 20 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
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