Stock Rating Upgrade
The Value Trend Rating for Kearny Financial Corp (NASDAQ: KRNY) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Kearny Financial Corp (NASDAQ: KRNY) stock closed at $6.09 on 4/8/24 after a modest decline of -1.1%. NORMAL trading volume accompanied the decline. The stock has declined -5.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
KRNY is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Kearny Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kearny Financial has a neutral Power Rating of 53 but a good Appreciation Score of 74, and the Positive Value Trend Rating results.
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