For its third fiscal quarter (ending September 30), Piper Sandler Cos (NYSE: PIPR) has reported a 742% increase in E.P.S. from $0.26 a year ago to $2.19 in the current quarter. E.P.S. were $10.55 for the latest four quarters through September 30 versus $5.04 for the same period a year ago — an increase of 109%.
Recent Price Action
On 10/25/24, Piper Sandler Cos (NYSE: PIPR) stock declined by -3.1%, closing at $280.53. Moreover, unusually high trading volume at 177% of normal accompanied the decline. The stock has declined -7.6% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Piper Sandler Cos has a poor Appreciation Score of 29 but a very high Power Rating of 97, producing the Positive Value Trend Rating.
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.
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