Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Preformed Line Products Co (NASDAQ: PLPC) weakened recently. PLPC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Preformed Line Products Co (NASDAQ: PLPC) stock declined by -3.8%, closing at $121.90. However, below average trading volume at 78% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -5.5% during the last week.
Current PriceTarget Research Rating
PLPC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Preformed Line Products has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Preformed Line Products has a neutral Appreciation Score of 54 but a poor Power Rating of 29, resulting in the Negative Value Trend Rating.
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