Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ePlus Inc (NASDAQ: PLUS) weakened during the last several trading days. PLUS’ 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
ePlus Inc (NASDAQ: PLUS) stock declined modestly by -1.2% on 9/10/24. The stock closed at $87.54. However, below average trading volume at 70% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -8.8% during the last week.
Current PriceTarget Research Rating
PLUS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ePlus has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ePlus has a neutral Appreciation Score of 52 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.
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