Stock Rating Downgrade
Recently the Value Trend Rating for Federated Hermes Inc (NYSE: FHI) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/3/24, Federated Hermes Inc (NYSE: FHI) stock declined slightly by -0.3%, closing at $32.89. NORMAL trading volume accompanied the decline. The stock has declined -3.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FHI’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.
Federated Hermes 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 consistent signals. Federated Hermes has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 62, and the High Neutral Value Trend Rating results.
Be the first to comment