Investors Purchase High Volume of C.R. Bard Put Options (BCR)
Shares of C.R. Bard (NYSE:BCR) were the recipient of some unusual options trading activity on Wednesday. Traders purchased 2,368 put options on the company, American Banking and Market News reports. This represents an increase of 855% compared to the average daily volume of 248 put options.
In other C.R. Bard news, CEO Timothy M. Ring sold 10,231 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $147.50, for a total transaction of $1,509,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
BCR has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of C.R. Bard in a research note on Tuesday, June 3rd. They now have a $127.00 price target on the stock, up previously from $120.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of C.R. Bard in a research note on Thursday, April 24th. They now have a $143.00 price target on the stock. Finally, analysts at Bank of America downgraded shares of C.R. Bard from a “buy” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $139.13.
C.R. Bard (NYSE:BCR) traded down 2.18% on Wednesday, hitting $137.98. 2,353,520 shares of the company’s stock traded hands. C.R. Bard has a 52 week low of $103.82 and a 52 week high of $150.13. The stock’s 50-day moving average is $143.8 and its 200-day moving average is $139.7. The company has a market cap of $10.522 billion and a P/E ratio of 15.32.
C.R. Bard (NYSE:BCR) last announced its earnings results on Tuesday, April 22nd. The company reported $1.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.85 by $0.06. The company had revenue of $799.30 million for the quarter, compared to the consensus estimate of $787.10 million. During the same quarter last year, the company posted $1.44 earnings per share. C.R. Bard’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that C.R. Bard will post $8.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Monday, July 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.64%.
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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