Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Belden Inc (NYSE: BDC) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Belden Inc (NYSE: BDC) stock closed at $64.75 on 11/10/23 after an increase of 1.1%. The stock has performed in line with the market over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BDC is expected to continue to be a major Value Builder.
Belden has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Belden has a poor Appreciation Score of 21 but a neutral Power Rating of 53, with the Negative Value Trend Rating the result.