Insider Selling: C.R. Bard Insider Unloads 30,914 Shares of Stock (BCR)
C.R. Bard (NYSE:BCR) Insider Timothy P. Collins unloaded 30,914 shares of C.R. Bard stock on the open market in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $150.38, for a total transaction of $4,648,847.32. Following the sale, the insider now directly owns 41,057 shares in the company, valued at approximately $6,174,152. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BCR has been the subject of a number of recent research reports. Analysts at Bank of America downgraded shares of C.R. Bard from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $150.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of C.R. Bard in a research note on Monday. They now have a $156.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of C.R. Bard in a research note on Friday, July 25th. They now have a $170.00 price target on the stock, up previously from $155.00. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $144.25.
Shares of C.R. Bard (NYSE:BCR) traded up 0.17% during mid-day trading on Friday, hitting $149.48. 501,533 shares of the company’s stock traded hands. C.R. Bard has a 52 week low of $111.24 and a 52 week high of $154.16. The stock has a 50-day moving average of $144.5 and a 200-day moving average of $142.0. The company has a market cap of $11.156 billion and a P/E ratio of 15.21.
C.R. Bard (NYSE:BCR) last announced its earnings results on Thursday, July 24th. The company reported $2.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.01 by $0.05. The company had revenue of $827.10 million for the quarter, compared to the consensus estimate of $814.58 million. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts predict that C.R. Bard will post $8.25 earnings per share for the current fiscal year.
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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