Morgan Stanley slashes price target on Becton Dickinson and Company [BDX] – find out why.

Becton Dickinson and Company [NYSE: BDX] plunged by -$0.31 during the normal trading session on Friday and reaching a high of $249.12 during the day while it closed the day at $244.48. The company report on May 18, 2021 that BD to Build New €165 Million Manufacturing Facility in Zaragoza, Spain To Support Ongoing Strong Growth of Pre-Filled Drug Delivery Business.

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New plant will produce drug delivery devices, employ 150 people in 2024 and up to 600 when full operations start in 2030.

BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, will build a €165 million ($200 million USD) high-tech manufacturing facility in the city of Zaragoza, located in the Aragon region of Spain, that will create up to 600 jobs by 2030.

Becton Dickinson and Company stock has also gained 0.87% of its value over the past 7 days. However, BDX stock has declined by -0.63% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.72% and lost -2.29% year-on date.

The market cap for BDX stock reached $71.19 billion, with 291.10 million shares outstanding and 288.89 million shares in the current float. Compared to the average trading volume of 1.34M shares, BDX reached a trading volume of 1021059 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $279.93 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.

Morgan Stanley have made an estimate for Becton Dickinson and Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 15, 2020. The new note on the price target was released on December 15, 2020, representing the official price target for Becton Dickinson and Company stock. Previously, the target price had yet another raise to $300, while Barclays analysts kept a Overweight rating on BDX stock.

The Average True Range (ATR) for Becton Dickinson and Company is set at 4.91, with the Price to Sales ratio for BDX stock in the period of the last 12 months amounting to 3.77. The Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 12.91. Price to Free Cash Flow for BDX in the course of the last twelve months was 23.20 with Quick ratio for the last quarter at 1.30.

BDX stock trade performance evaluation

Becton Dickinson and Company [BDX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.87. With this latest performance, BDX shares dropped by -4.92% in over the last four-week period, additionally plugging by 4.72% over the last 6 months – not to mention a rise of 2.32% 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 46.81, with the RSI for the last a single of trading hit 47.68, and the three-weeks RSI is set at 47.19 for Becton Dickinson and Company [BDX]. The present Moving Average for the last 50 days of trading for this stock 246.81, while it was recorded at 243.04 for the last single week of trading, and 244.94 for the last 200 days.

Becton Dickinson and Company [BDX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Becton Dickinson and Company [BDX] shares currently have an operating margin of +12.60 and a Gross Margin at +44.27. Becton Dickinson and Company’s Net Margin is presently recorded at +5.11.

Return on Total Capital for BDX is now 5.22, given the latest momentum, and Return on Invested Capital for the company is 2.17. Return on Equity for this stock inclined to 3.90, with Return on Assets sitting at 1.65. 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 77.31. Additionally, BDX Total Debt to Total Capital is recorded at 43.60, with Total Debt to Total Assets ending up at 34.02. Long-Term Debt to Equity for the company is recorded at 73.90, with the Long-Term Debt to Total Capital now at 41.67.

Reflecting on the efficiency of the workforce at the company, Becton Dickinson and Company [BDX] managed to generate an average of $12,139 per employee. Receivables Turnover for the company is 7.22 with a Total Asset Turnover recorded at a value of 0.32.Becton Dickinson and Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.90.

Earnings per share (EPS) analysis for Becton Dickinson and Company [BDX] stock

With the latest financial reports released by the company, Becton Dickinson and Company posted 2.2/share EPS, while the average EPS was predicted by analysts to be reported at 2.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. 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 12.50%.

Becton Dickinson and Company [BDX]: Insider Ownership positions

There are presently around $60,065 million, or 87.10% of BDX stock, in the hands of institutional investors. The top three institutional holders of BDX stocks are: VANGUARD GROUP INC with ownership of 24,299,421, which is approximately -0.251% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 22,063,105 shares of the stock with an approximate value of $5.39 billion in BDX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $3.41 billion in BDX stock with ownership of nearly 3.634% of the company’s market capitalization.

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Positions in Becton Dickinson and Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 734 institutional holders increased their position in Becton Dickinson and Company [NYSE:BDX] by around 15,253,488 shares. Additionally, 664 investors decreased positions by around 12,936,851 shares, while 244 investors held positions by with 217,494,089 shares. The mentioned changes placed institutional holdings at 245,684,428 shares, according to the latest SEC report filing. BDX stock had 127 new institutional investments in for a total of 4,381,742 shares, while 125 institutional investors sold positions of 1,926,207 shares during the same period.

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