On 11/2/23, Preformed Line Products Co (NASDAQ: PLPC) stock suffered a major decline of -20.4%, closing at $110.28. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -17.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PLPC is expected to continue to be a Value Builder.
Preformed Line Products has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Preformed Line Products has a neutral Appreciation Score of 51 but a very high Power Rating of 96, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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