On 5/7/24, Fabrinet (NYSE: FN) stock enjoyed a major increase of 10.8%, closing at $209.31. Moreover, exceptionally high trading volume at 244% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 18.9% during the last week.
Current PriceTarget Research Rating
FN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Fabrinet has a slightly negative Appreciation Score of 34 but a good Power Rating of 76, triggering the 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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