Benchmark Electronics Inc (NYSE: BHE) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Significant negative changes in Benchmark Electronics Inc (NYSE: BHE) fundamentals have recently occurred: the consensus estimate for December, 2019 decreased significantly, and the consensus estimate for December, 2020 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BHE is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BHE has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. BHE has a good Appreciation Score of 73 and a very high Power Rating of 94, and the Highest Value Trend Rating results.
Recent Price Action
On 5/13/19, Benchmark Electronics Inc (NYSE: BHE) stock suffered a very large decline of -5.7%, closing at $24.67. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.3% during the last week.