Benchmark Electronics Inc (NYSE:BHE) price on Friday, February 28, rose 0.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.96.
A look at the stock’s price movement, the close in the last trading session was $39.60. The PE ratio in trailing twelve months stood at 23.07. Turning to its 52-week performance, $52.57 and $27.44 were the 52-week high and 52-week low respectively. Overall, BHE moved -8.43% over the past month.
Benchmark Electronics Inc’s market cap currently stands at around $1.44 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.67, with its dividend yield at 1.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 640M for the company’s revenue for the quarter, with a low and high estimate of 640M and 640M respectively. The average forecast suggests down to a -5.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.76B, representing a 3.96% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BHE is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend BHE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BHE’s current price about -3.59% and -9.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.91, while 7-day volatility ratio is 2.80% and 3.03% in the 30-day chart. Further, Benchmark Electronics Inc (BHE) has a beta value of 0.99, and an average true range (ATR) of 1.25. Analysts have given the company’s stock an average 52-week price target of $34, forecast between a low of $34 and high of $34. Looking at the price targets, the low is 14.91% off current price level while to achieve the yearly target high, price needs to move 14.91%. Nonetheless, investors will most likely welcome a 14.91% jump to $34 which is the analysts’ median price.
If we refocus on Benchmark Electronics Inc (NYSE:BHE), historical trading data shows that trading volumes averaged 257.97K over the past 3 months. The company’s latest data on shares outstanding shows there are 35.99 million shares.
The 3.35% of Benchmark Electronics Inc’s shares are in the hands of company insiders while institutional holders own 100.04% of the company’s shares. Current price change has pushed the stock -11.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BHE stock continues to rise going into the next quarter.
