Valley National Bancorp (NASDAQ: VLY) stock closed at $10.52 on 11/6/24 after a major increase of 10.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 284% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
VLY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Valley National Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Valley National Bancorp has a good Power Rating of 75 and a very high Appreciation Score of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment