Stock Rating Downgrade
The Value Trend Rating for Piper Sandler Cos (NYSE: PIPR) weakened in recent days 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 4/26/24, Piper Sandler Cos (NYSE: PIPR) stock enjoyed a large increase of 2.7%, closing at $197.16. Moreover, unusually high trading volume at 161% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.2% during the last week.
Current PriceTarget Research Rating
PIPR’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.
Piper Sandler Cos has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Piper Sandler Cos has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, leading to the High Neutral Value Trend Rating.
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