Stock Rating Downgrade
In the last week the Value Trend Rating for Principal Financial Group Inc (NASDAQ: PFG) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, Principal Financial Group Inc (NASDAQ: PFG) stock rose modestly by 0.5%, closing at $74.78. However, this advance was accompanied by below average trading volume at 73% of normal. The stock has performed in line with the market over the last nine months and has declined -5.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PFG is expected to continue to be a major Value Builder.
Principal Financial Group 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. Principal Financial Group has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 69, triggering the High Neutral Value Trend Rating.
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