C.R. Bard Downgraded by S&P Equity Research to Hold (BCR)
C.R. Bard (NYSE:BCR) was downgraded by analysts at S&P Equity Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a $150.00 target price on the stock, up from their previous target price of $145.00. S&P Equity Research’s target price indicates a potential upside of 7.85% from the stock’s previous close.
A number of other analysts have also recently weighed in on BCR. Analysts at Barclays downgraded shares of C.R. Bard from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. They now have a $150.00 price target on the stock, down previously from $155.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of C.R. Bard in a research note on Friday, June 13th. They now have a $146.00 price target on the stock, up previously from $138.00. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. C.R. Bard currently has an average rating of “Hold” and a consensus price target of $138.94.
Shares of C.R. Bard (NYSE:BCR) opened at 139.08 on Friday. C.R. Bard has a one year low of $106.72 and a one year high of $150.13. The stock’s 50-day moving average is $144.1 and its 200-day moving average is $139.6. The company has a market cap of $10.606 billion and a P/E ratio of 15.05.
C.R. Bard (NYSE:BCR) last released its earnings data on Tuesday, April 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that C.R. Bard will post $8.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Monday, July 21st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, July 17th. This is an increase from C.R. Bard’s previous quarterly dividend of $0.21.
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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