On 5/3/24, IES Holdings Inc (NASDAQ: IESC) stock enjoyed a major increase of 17.9%, closing at $161.39. Moreover, trading volume in this advance was exceptionally high at 278% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 26.5% during the last week.
Current PriceTarget Research Rating
IESC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
IES Holdings 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 very contradictory signals. IES Holdings has a poor Appreciation Score of 22 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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