On 11/6/24, Belden Inc (NYSE: BDC) stock enjoyed a major increase of 10.9%, closing at $131.43. Moreover, trading volume in this advance was unusually high at 173% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.5% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Belden has a slightly negative Appreciation Score of 32 but a very high Power Rating of 95, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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