Piper Sandler Cos (NYSE: PIPR) has reported earnings for its second fiscal quarter (ending June 30) of $2.19 versus $0.26 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $8.62 compared to $5.84 a year ago.
Recent Price Action
Piper Sandler Cos (NYSE: PIPR) stock closed at $244.54 on 8/2/24 after a large decline of -6.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 231% of normal. The stock has declined -8.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Piper Sandler Cos has a poor Appreciation Score of 27 but a very high Power Rating of 97, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment