Stock Rating Downgrade
During the last several trading days the Value Trend Rating for B&G Foods Inc (NYSE: BGS) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, B&G Foods Inc (NYSE: BGS) stock declined by -4.8%, closing at $8.24. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -4.2% 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 D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a slightly positive Appreciation Score of 61 but a poor Power Rating of 15, triggering the Negative Value Trend Rating.
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