Stock Rating Upgrade
The Value Trend Rating for PAR Technology Corp (NYSE: PAR) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, PAR Technology Corp (NYSE: PAR) stock enjoyed a large increase of 3.0%, closing at $44.72. However, this advance was accompanied by unusually low trading volume at 55% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, PAR is expected to be Value Creation neutral.
PAR Technology has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PAR Technology has a very low Appreciation Score of 8 but a good Power Rating of 85, triggering the Low Neutral Value Trend Rating.
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