PTC Inc (NASDAQ: PTC) has reported earnings for its third fiscal quarter (ending June 30) of $0.58 versus $0.52 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.47 versus $2.60 for the same period a year ago.
Recent Price Action
PTC Inc (NASDAQ: PTC) stock rose modestly by 0.8% on 7/31/24. The stock closed at $177.85. Moreover, above average trading volume at 132% of normal accompanied the advance. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PTC is expected to continue to be a major Value Builder.
PTC has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PTC has a poor Appreciation Score of 22 but a slightly positive Power Rating of 63, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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