Stock Rating Downgrade
The Value Trend Rating for SPX Technologies Inc (NYSE: SPXC) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, SPX Technologies Inc (NYSE: SPXC) stock declined slightly by -0.1%, closing at $116.71. However, below average trading volume at 79% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
SPXC'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.
SPX Technologies has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock's attractiveness. SPX Technologies has a poor Appreciation Score of 25 but a very high Power Rating of 97, and the High Neutral Value Trend Rating results.