Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Pentair plc (NYSE: PNR) improved in the last week. PNR’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Pentair plc (NYSE: PNR) stock declined modestly by -1.0% on 6/7/24. The stock closed at $77.55. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PNR is expected to continue to be a major Value Builder.
Pentair plc has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Pentair plc has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, producing the Positive Value Trend Rating.
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