Recent notable positive changes in investment behavior have benefitted Abercrombie & Fitch Co. (NYSE: ANF): the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Abercrombie & Fitch Co. (NYSE: ANF): the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ANF is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Abercrombie & Fitch Co has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Abercrombie & Fitch Co has a neutral Appreciation Score of 46 but a very high Power Rating of 100, producing the Positive Value Trend Rating.
Recent Price Action
On 12/4/23, Abercrombie & Fitch Co. (NYSE: ANF) stock declined slightly by -0.8%, closing at $77.22. However, this decline was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.3% during the last week.
Be the first to comment