Becton, Dickinson and Price Target Raised to $120.00 at Leerink Swann (BDX)
Equities research analysts at Leerink Swann raised their target price on shares of Becton, Dickinson and (NYSE:BDX) from $117.00 to $120.00 in a research note issued to investors on Friday. Leerink Swann’s target price points to a potential upside of 3.38% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Becton, Dickinson and from $119.00 to $123.00 in a research note on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Becton, Dickinson and in a research note on Friday. They now have a $122.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Becton, Dickinson and from $115.00 to $121.00 in a research note on Friday. They now have an “underweight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $113.23.
Shares of Becton, Dickinson and (NYSE:BDX) traded down 0.14% during mid-day trading on Friday, hitting $116.08. The stock had a trading volume of 762,285 shares. Becton, Dickinson and has a 52 week low of $96.73 and a 52 week high of $120.66. The stock’s 50-day moving average is $118.6 and its 200-day moving average is $115.4. The company has a market cap of $22.427 billion and a P/E ratio of 24.25.
Becton, Dickinson and (NYSE:BDX) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Becton, Dickinson and will post $6.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, September 5th.
Becton Dickinson and Co is a global medical technology company engaged in the development, manufacture and sale of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
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