Stock Rating Downgrade
The Value Trend Rating for Azenta Inc (NASDAQ: AZTA) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Azenta Inc (NASDAQ: AZTA) stock declined modestly by -1.1%, closing at $55.27. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -7.7% during the last week.
Current PriceTarget Research Rating
AZTA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Azenta 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 highly consistent signals. Azenta has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 32, and the Negative Value Trend Rating results.
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