Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Upbound Group Inc (NASDAQ: UPBD) improved of late. UPBD’s 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
Upbound Group Inc (NASDAQ: UPBD) stock closed at $26.79 on 10/25/24 after a modest decline of -1.1%. However, below average trading volume at 80% of normal accompanied the decline. The stock has declined -12.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, UPBD is expected to continue to be a major Value Builder.
Upbound Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Upbound Group has a neutral Power Rating of 53 but a good Appreciation Score of 77, producing the Positive Value Trend Rating.
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