Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Belden Inc (NYSE: BDC) improved in the last week. BDC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Belden Inc (NYSE: BDC) stock closed at $94.72 on 8/9/24 after a slight decline of -0.07%. However, exceptionally low trading volume at 49% of normal accompanied the decline. The stock has declined -5.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BDC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Belden has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Belden has a slightly negative Appreciation Score of 32 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
Be the first to comment