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Barclays (BCS) is a Top-Ranked Momentum Stock: Should You Buy?

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Barclays (BCS)

Headquartered in London, Barclays PLC is a major global banking and financial services company, with £1,539.1 billion ($1,903.4 billion) in total assets as of Mar 31, 2023.

BCS is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1.7% over the past one week and up 2.4% over the past four weeks. BCS has lost 10.2% in the last one-year period as well. Looking at trading volume, an average of 8,282,753.50 shares exchanged hands over the last 20 trading days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.06 to $1.77 per share. BCS boasts an average earnings surprise of 3.8%.

BCS should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Barclays PLC (BCS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research