Pentair plc (NYSE: PNR) has reported earnings for its third fiscal quarter (ending September 30) of $0.84 versus $0.80 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $4.03 compared to $3.10 a year ago.
Recent Price Action
Pentair plc (NYSE: PNR) stock declined slightly by -0.04% on 10/22/24. The stock closed at $98.32. Moreover, trading volume in this decline was exceptionally high at 205% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.5% 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 C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Pentair plc has a slightly negative Appreciation Score of 31 but a very high Power Rating of 87, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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