Alert: Rating Downgrade (12/15/23)-Worthington Industries Inc. (NYSE: WOR).


Stock Rating Downgrade

The Value Trend Rating for Worthington Industries Inc. (NYSE: WOR) fell significantly of late from A to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.


Recent Price Action

Worthington Industries Inc. (NYSE: WOR) stock closed at $57.33 on 12/15/23 after an increase of 1.6%. Moreover, trading volume in this advance was exceptionally high at 1026% of normal. The stock has risen 10.6% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

WOR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Worthington Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Worthington Industries has a neutral Power Rating of 53 and a neutral Appreciation Score of 58, and the Neutral Value Trend Rating results.

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