C.R. Bard CEO Timothy Ring Sells 8,313 Shares (BCR)
C.R. Bard (NYSE:BCR) CEO Timothy Ring unloaded 8,313 shares of C.R. Bard stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $117.77, for a total transaction of $979,022.01. Following the transaction, the chief executive officer now directly owns 209,323 shares of the company’s stock, valued at approximately $24,651,970. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Needham & Company initiated coverage on shares of C.R. Bard (NYSE:BCR) in a research note to investors on Wednesday, September 4th. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of C.R. Bard (NYSE:BCR) in a research note to investors on Tuesday, September 3rd. They now have a $121.00 price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of C.R. Bard (NYSE:BCR) in a research note to investors on Thursday, August 29th. They now have a $140.00 price target on the stock, up previously from $125.00.
Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $115.08.
C.R. Bard (NYSE:BCR) traded down 0.65% during mid-day trading on Wednesday, hitting $116.00. The stock had a trading volume of 675,600 shares. C.R. Bard has a one year low of $93.79 and a one year high of $121.16. The stock’s 50-day moving average is $116.4 and its 200-day moving average is $108.3. The company has a market cap of $9.182 billion and a P/E ratio of 52.76.
C.R. Bard (NYSE:BCR) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $759.90 million for the quarter, compared to the consensus estimate of $750.91 million. During the same quarter last year, the company posted $1.62 earnings per share. C.R. Bard’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that C.R. Bard will post $5.97 earnings per share for the current fiscal year.
C. R. Bard, Inc (NYSE:BCR) is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices.
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