Stock Rating Upgrade
The Value Trend Rating for Portland General Electric Co (NYSE: POR) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Portland General Electric Co (NYSE: POR) stock closed at $46.37 on 8/9/24 after a slight decline of -0.4%. However, below average trading volume at 74% of normal accompanied the decline. The stock has declined -3.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
POR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Portland General Electric has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Portland General Electric has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 68, and the Positive Value Trend Rating results.
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