On 5/9/24, B&G Foods Inc (NYSE: BGS) stock suffered a major decline of -28.3%, closing at $8.28. Moreover, exceptionally high trading volume at 705% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -25.3% during the last week.
Current PriceTarget Research Rating
BGS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
B&G Foods has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a neutral Power Rating of 50 and a neutral Appreciation Score of 46, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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