Stock Rating Downgrade
The Value Trend Rating for Manhattan Associates Inc (NASDAQ: MANH) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Manhattan Associates Inc (NASDAQ: MANH) stock closed at $299.50 on 10/11/24 after an increase of 1.9%. NORMAL trading volume accompanied the advance. The stock has risen 8.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MANH’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.
Manhattan Associates has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Manhattan Associates has a very low Appreciation Score of 14 but a good Power Rating of 71, triggering the Negative Value Trend Rating.
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