Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Upbound Group Inc (NASDAQ: UPBD) weakened during the last several trading days. UPBD’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
Upbound Group Inc (NASDAQ: UPBD) stock declined slightly by -0.7% on 8/9/24. The stock closed at $32.19. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -8.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, UPBD is expected to continue to be a major Value Builder.
Upbound Group has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Upbound Group has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 65, producing the High Neutral Value Trend Rating.
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