Stock Rating Upgrade
The Value Trend Rating for Piper Sandler Cos (NYSE: PIPR) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Piper Sandler Cos (NYSE: PIPR) stock closed at $190.60 on 4/12/24 after a modest decline of -1.4%. However, this decline was accompanied by below average trading volume at 75% of normal. The stock has declined -4.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PIPR is expected to continue to be a major 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). This VT Rating improved in recent days from C previously. 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 34 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
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