Benchmark Electronics Inc (NYSE: BHE)
ALERT – STOCK RATING UPGRADE
Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Benchmark Electronics Inc (NYSE: BHE) improved of late. BHE’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Benchmark Electronics Inc (NYSE: BHE) stock rose modestly by 1.0% on 8/17/18. The stock closed at $25.70. However, trading volume in this advance was below average at 73% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.6% during the last week.
Current PriceTarget Research Rating
BHE is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
BHE has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. BHE has a slightly positive Appreciation Score of 65 but a poor Power Rating of 23, producing the Low Neutral Value Trend Rating.