Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Evolent Health Inc (NYSE: EVH) weakened during the last several trading days. EVH’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
Evolent Health Inc (NYSE: EVH) stock closed at $22.90 on 5/20/24 after a slight decline of -0.7%. Trading volume in this decline was normal. The stock has declined -6.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
EVH’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.
Evolent Health has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Evolent Health has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 64, leading to the High Neutral Value Trend Rating.
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