Belden Inc. Hits New 52-Week High at $66.86 (BDC)
Shares of Belden (NYSE:BDC) hit a new 52-week high during trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $66.86 and last traded at $66.41, with a volume of 79,260 shares trading hands. The stock had previously closed at $65.20.
Separately, analysts at Canaccord Genuity raised their price target on shares of Belden from $65.00 to $70.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
Belden has a one year low of $33.76 and a one year high of $66.13. The stock’s 50-day moving average is $62.09 and its 200-day moving average is $55.12. The company has a market cap of $2.904 billion and a price-to-earnings ratio of 16.42.
Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.05. The company had revenue of $532.60 million for the quarter, compared to the consensus estimate of $536.88 million. During the same quarter last year, the company posted $0.92 earnings per share. Belden’s revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that Belden will post $3.68 earnings per share for the current fiscal year.
Belden Inc (NYSE:BDC) designs, manufactures and markets cable, connectivity, and networking products in markets including industrial, enterprise, and broadcast.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.