On 8/20/24, Fabrinet (NYSE: FN) stock enjoyed a major increase of 15.7%, closing at $268.00. Moreover, exceptionally high trading volume at 430% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 29.3% during the last week.
Current PriceTarget Research Rating
FN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fabrinet has a poor Appreciation Score of 26 but a very high Power Rating of 89, and the High Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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