Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cognizant Technology Solutions C (NASDAQ: CTSH) weakened of late. CTSH’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 6/21/24, Cognizant Technology Solutions C (NASDAQ: CTSH) stock rose slightly by 0.3%, closing at $68.34. Moreover, this advance was accompanied by unusually high trading volume at 180% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CTSH is expected to continue to be a major Value Builder.
Cognizant Technology Solutions C has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Cognizant Technology Solutions C has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 38, producing the Negative Value Trend Rating.
Be the first to comment