Barclays Upgrade Becton Dickinson and Company [BDX]. What else is Wall St. saying?

Becton Dickinson and Company [NYSE: BDX] loss -0.47% or -1.21 points to close at $257.72 with a heavy trading volume of 1165642 shares. The company report on August 20, 2020 that BD Provides Update on Previously Disclosed Recall of BD Alaris System Hardware.

Majority of June 30 Recall Designated as Class I Recall by FDA.

BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today provided an update on a previously announced voluntary recall of the BD Alaris™ System.

It opened the trading session at $258.11, the shares rose to $259.36 and dropped to $255.46, the range by which the price of stock traded the whole day. The daily chart for BDX points out that the company has recorded 2.87% gains over the past six months. However, it is still -30.33% lower than its most recent low trading price.

If we look at the average trading volume of 1.97M shares, BDX reached to a volume of 1165642 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Becton Dickinson and Company [BDX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BDX shares is $285.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BDX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Becton Dickinson and Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 09, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 01, 2020, representing the official price target for Becton Dickinson and Company stock. Previously, the target price had yet another raise to $260, while Citigroup analysts kept a Neutral rating on BDX stock.

The Average True Range (ATR) for Becton Dickinson and Company is set at 5.58, with the Price to Sales ratio for BDX stock in the period of the last 12 months amounting to 4.44. The Price to Book ratio for the last quarter was 3.03, with the Price to Cash per share for the same quarter was set at 9.97. Price to Free Cash Flow for BDX in the course of the last twelve months was 50.31 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for BDX stock

Becton Dickinson and Company [BDX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.17. With this latest performance, BDX shares dropped by -5.50% in over the last four-week period, additionally plugging by 2.87% over the last 6 months – not to mention a rise of 1.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BDX stock in for the last two-week period is set at 46.50, with the RSI for the last a single of trading hit 40.44, and the three-weeks RSI is set at 47.50 for Becton Dickinson and Company [BDX]. The present Moving Average for the last 50 days of trading for this stock 256.50, while it was recorded at 260.51 for the last single week of trading, and 254.20 for the last 200 days.

Becton Dickinson and Company [BDX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Becton Dickinson and Company [BDX] shares currently have an operating margin of +16.74 and a Gross Margin at +47.94. Becton Dickinson and Company’s Net Margin is presently recorded at +7.14.

Return on Total Capital for BDX is now 6.98, given the latest momentum, and Return on Invested Capital for the company is 3.12. Return on Equity for this stock inclined to 5.87, with Return on Assets sitting at 2.34. When it comes to the capital structure of this company, Becton Dickinson and Company [BDX] has a Total Debt to Total Equity ratio set at 91.98. Additionally, BDX Total Debt to Total Capital is recorded at 47.91, with Total Debt to Total Assets ending up at 37.46. Long-Term Debt to Equity for the company is recorded at 85.78, with the Long-Term Debt to Total Capital now at 44.68.

Reflecting on the efficiency of the workforce at the company, Becton Dickinson and Company [BDX] managed to generate an average of $17,605 per employee. Receivables Turnover for the company is 7.41 with a Total Asset Turnover recorded at a value of 0.33.Becton Dickinson and Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.50.

Becton Dickinson and Company [BDX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Becton Dickinson and Company posted 3.31/share EPS, while the average EPS was predicted by analysts to be reported at 3.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BDX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Becton Dickinson and Company go to 6.40%.

An analysis of insider ownership at Becton Dickinson and Company [BDX]

There are presently around $63,603 million, or 87.60% of BDX stock, in the hands of institutional investors. The top three institutional holders of BDX stocks are: VANGUARD GROUP INC with ownership of 25,098,916, which is approximately 4.408% of the company’s market cap and around 0.17% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 22,059,136 shares of the stock with an approximate value of $5.69 billion in BDX stocks shares; and BLACKROCK INC., currently with $5.35 billion in BDX stock with ownership of nearly 9.239% of the company’s market capitalization.

Positions in Becton Dickinson and Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 695 institutional holders increased their position in Becton Dickinson and Company [NYSE:BDX] by around 22,277,324 shares. Additionally, 629 investors decreased positions by around 10,712,467 shares, while 210 investors held positions by with 213,800,489 shares. The mentioned changes placed institutional holdings at 246,790,280 shares, according to the latest SEC report filing. BDX stock had 120 new institutional investments in for a total of 1,804,234 shares, while 95 institutional investors sold positions of 1,371,876 shares during the same period.

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