Alert: Negative Investment/Fundamental Signals (11/8/23)-Steris Plc (NYSE: STE)


Recent extremely meaningful negative changes in investment behavior have impacted Steris Plc (NYSE: STE): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

Steris Plc (NYSE: STE) has recently experienced small negative changes in fundamentals: significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, STE is expected to continue to be an important Value Builder.

Steris has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Steris has a neutral Appreciation Score of 45 but a very high Power Rating of 85, producing the Positive Value Trend Rating.

Recent Price Action

On 11/8/23, Steris Plc (NYSE: STE) stock suffered a very large decline of -5.5%, closing at $206.32. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.7% during the last week.

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