Extremely important positive changes in investment behavior have recently occurred for Piper Sandler Cos (NYSE: PIPR): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Piper Sandler Cos (NYSE: PIPR). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PIPR is expected to continue to be a Value Builder.
Piper Sandler Cos has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Piper Sandler Cos has a neutral Appreciation Score of 57 but a good Power Rating of 74, producing the Positive Value Trend Rating.
Recent Price Action
On 12/4/23, Piper Sandler Cos (NYSE: PIPR) stock enjoyed a large increase of 2.3%, closing at $161.88. Moreover, this advance was accompanied by unusually high trading volume at 153% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.0% during the last week.
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