Extremely important positive changes in investment behavior have recently occurred for Benchmark Electronics Inc (NYSE: BHE): the stock rose on very heavy volume, and positive upside/downside volume developed.
Benchmark Electronics Inc (NYSE: BHE). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BHE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Benchmark Electronics has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Benchmark Electronics has a neutral Appreciation Score of 57 but a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Recent Price Action
Benchmark Electronics Inc (NYSE: BHE) stock closed at $39.96 on 6/21/24 after an increase of 1.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 1040% of normal. The stock has declined -3.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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