Stock Rating Upgrade
The Value Trend Rating for Hologic Inc (NASDAQ: HOLX) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/7/24, Hologic Inc (NASDAQ: HOLX) stock declined slightly by -0.4%, closing at $74.51. However, normal trading volume at 83% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
HOLX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Hologic has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hologic has a poor Appreciation Score of 29 but a neutral Power Rating of 58, triggering the Low Neutral Value Trend Rating.
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