Recent extremely meaningful positive changes in investment behavior have benefitted Piper Sandler Cos (NYSE: PIPR): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Piper Sandler Cos (NYSE: PIPR) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PIPR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Piper Sandler Cos has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Piper Sandler Cos has a poor Appreciation Score of 27 but a very high Power Rating of 96, with the Positive Value Trend Rating the result.
Recent Price Action
Piper Sandler Cos (NYSE: PIPR) stock closed at $230.17 on 6/28/24 after a large increase of 4.4%. Moreover, trading volume in this advance was exceptionally high at 698% of normal. The stock has risen 6.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Be the first to comment