Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for EVERGY INC (NASDAQ: EVRG) weakened during the last several trading days. EVRG’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
EVERGY INC (NASDAQ: EVRG) stock enjoyed a large increase of 3.0% on 8/1/24. The stock closed at $59.75. Moreover, above average trading volume at 132% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 6.3% 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 C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. EVERGY INC has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 63, triggering the High Neutral Value Trend Rating.
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