Stock Rating Upgrade
In the last week the Value Trend Rating for Oppenheimer Holdings Inc (NYSE: OPY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/1/24, Oppenheimer Holdings Inc (NYSE: OPY) stock rose modestly by 0.8%, closing at $38.59. However, this advance was accompanied by below average trading volume at 76% of normal. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OPY is expected to be Value Creation neutral.
Oppenheimer Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Oppenheimer Holdings has a neutral Power Rating of 57 but a good Appreciation Score of 72, triggering the Positive Value Trend Rating.