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
B&G Foods Inc (NYSE: BGS) stock enjoyed a large increase of 3.1% on 3/1/24. The stock closed at $11.91. Moreover, trading volume in this advance was above average at 135% of normal. The stock has been weak relative to the market over the last nine months but has risen 27.5% during the last week.
Current PriceTarget Research Rating
BGS' future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
B&G Foods has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock's attractiveness. B&G Foods has a neutral Appreciation Score of 52 but a poor Power Rating of 25, leading to the Negative Value Trend Rating.