Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Applied Materials Inc (NASDAQ: AMAT) weakened of late. AMAT’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
Applied Materials Inc (NASDAQ: AMAT) stock declined by -2.2% on 9/27/24. The shares closed at $204.92. However, unusually low trading volume at 64% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 4.2% during the last week.
Current PriceTarget Research Rating
AMAT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Applied Materials 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. Applied Materials has a neutral Appreciation Score of 50 but a good Power Rating of 74, with the High Neutral Value Trend Rating the result.
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