Stock Rating Upgrade
In recent days the Value Trend Rating for Northwest Pipe Co (NASDAQ: NWPX) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/8/24, Northwest Pipe Co (NASDAQ: NWPX) stock enjoyed a large increase of 2.5%, closing at $33.91. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 13.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NWPX is expected to be a modest Value Builder.
Northwest Pipe has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northwest Pipe has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 64, leading to the Neutral Value Trend Rating.
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