Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Franklin Electric Co Inc (NASDAQ: FELE) weakened in the last week. FELE’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 8/9/24, Franklin Electric Co Inc (NASDAQ: FELE) stock rose modestly by 0.3%, closing at $98.65. However, this advance was accompanied by below average trading volume at 72% of normal. The stock has performed in line with the market over the last nine months and has declined -3.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FELE is expected to continue to be an important Value Builder.
Franklin Electric 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 inconsistent signals. Franklin Electric has a poor Appreciation Score of 24 but a neutral Power Rating of 58, resulting in the Negative Value Trend Rating.
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