Brady Corp. Given New $28.00 Price Target at Robert W. Baird (BRC)
Research analysts at Robert W. Baird lowered their target price on shares of Brady Corp. (NYSE:BRC) from $33.00 to $28.00 in a report released on Friday, Analyst Ratings Network reports. Robert W. Baird’s price objective suggests a potential upside of 10.54% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Brady Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, February 14th. They now have a $28.40 price target on the stock. Finally, analysts at Sidoti upgraded shares of Brady Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 27th. They now have a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.85.
Brady Corp. (NYSE:BRC) traded down 5.27% during mid-day trading on Friday, hitting $25.33. The stock had a trading volume of 394,528 shares. Brady Corp. has a 52 week low of $25.18 and a 52 week high of $35.75. The stock’s 50-day moving average is $29.11 and its 200-day moving average is $30.49. The company’s market cap is $1.321 billion.
Brady Corp. (NYSE:BRC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.13. The company had revenue of $291.20 million for the quarter, compared to the consensus estimate of $301.03 million. Analysts expect that Brady Corp. will post $1.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Tuesday, April 8th.
Brady Corporation (NYSE:BRC) is an international manufacturer of identification solutions and specialty materials that identify and protect premises, products and people.
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