Stock Rating Downgrade
The Value Trend Rating for Northwest Pipe Co (NASDAQ: NWPX) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/10/23, Northwest Pipe Co (NASDAQ: NWPX) stock increased 1.8%, closing at $26.30. The stock has performed in line with the market over the last nine months and has declined -6.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NWPX is expected to continue to be Value Creation neutral.
Northwest Pipe has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR's two proprietary measures of a stock's attractiveness. Northwest Pipe has a slightly negative Appreciation Score of 40 and a slightly negative Power Rating of 37, and the Negative Value Trend Rating results.