Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ePlus Inc (NASDAQ: PLUS) improved during the last several trading days. PLUS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
ePlus Inc (NASDAQ: PLUS) stock closed at $98.82 on 9/27/24 after a modest gain of 0.8%. However, below average trading volume at 68% of normal accompanied the advance. The stock has declined -2.2% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ePlus has a neutral Appreciation Score of 49 but a good Power Rating of 79, triggering the Positive Value Trend Rating.
Be the first to comment