Alert: Rating Downgrade (12/15/23)-Steris Plc (NYSE: STE).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Steris Plc (NYSE: STE) weakened during the last several trading days. STE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.


Recent Price Action

Steris Plc (NYSE: STE) stock increased 1.0% on 12/15/23. The shares closed at $212.64. Moreover, this advance was accompanied by exceptionally high trading volume at 265% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.3% during the last week.

Current PriceTarget Research Rating

STE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Steris has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Steris has a neutral Appreciation Score of 50 but a good Power Rating of 72, producing the High Neutral Value Trend Rating.

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