Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Global Industrial Co (NYSE: GIC) improved in recent days. GIC's current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Global Industrial Co (NYSE: GIC) stock declined by -3.7% on 3/1/24. The shares closed at $42.21. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.2% during the last week.
Current PriceTarget Research Rating
GIC's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock's attractiveness. Global Industrial has a slightly negative Appreciation Score of 31 but a very high Power Rating of 98, and the Positive Value Trend Rating results.