Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Piper Sandler Cos (NYSE: PIPR) weakened during the last several trading days. PIPR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Piper Sandler Cos (NYSE: PIPR) stock rose modestly by 0.5% on 4/8/24. The stock closed at $200.96. However, this advance was accompanied by below average trading volume at 75% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PIPR 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 93, producing the High Neutral Value Trend Rating.
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