Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for EVERGY INC (NASDAQ: EVRG) improved of late. EVRG’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
EVERGY INC (NASDAQ: EVRG) stock rose modestly by 0.8% on 7/29/24. The stock closed at $57.21. However, trading volume in this advance was below average at 72% of normal. The stock has performed in line with the market over the last nine months and has risen 3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EVRG is expected to continue to be an important Value Builder.
EVERGY INC has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. EVERGY INC has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 64, with the Positive Value Trend Rating the result.
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