Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Balchem Corp (NASDAQ: BCPC) improved during the last several trading days. BCPC’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Balchem Corp (NASDAQ: BCPC) stock closed at $155.87 on 3/18/24 after a slight decline of -0.3%. NORMAL trading volume accompanied the decline. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BCPC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Balchem has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Balchem has a poor Appreciation Score of 17 but a good Power Rating of 73, leading to the Low Neutral Value Trend Rating.
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