Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for PTC Inc (NASDAQ: PTC) weakened in recent days. PTC’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
PTC Inc (NASDAQ: PTC) stock declined modestly by -1.1% on 8/1/24. The stock closed at $175.87. Moreover, trading volume in this decline was above average at 144% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.1% during the last week.
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 64, producing the Negative Value Trend Rating.
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