Piper Sandler Cos (NYSE: PIPR). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in Piper Sandler Cos (NYSE: PIPR) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PIPR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Piper Sandler Cos has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Piper Sandler Cos has a neutral Appreciation Score of 55 but a good Power Rating of 81, producing the Positive Value Trend Rating.
Recent Price Action
Piper Sandler Cos (NYSE: PIPR) stock closed at $166.70 on 1/3/24 after a decline of -2.6%. NORMAL trading volume accompanied the decline. The stock has declined -4.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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