Belden Inc. (BDC) Given Average Rating of “Hold” by Brokerages

Shares of Belden Inc. (NYSE:BDC) have received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $89.14.

Several brokerages have recently weighed in on BDC. ValuEngine downgraded shares of Belden from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Belden from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upped their target price on shares of Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a research note on Wednesday, December 6th. Cross Research upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $94.00 target price on shares of Belden in a research note on Friday, December 1st.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in Belden by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,132 shares of the industrial products company’s stock valued at $1,971,000 after acquiring an additional 90 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Belden by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,272 shares of the industrial products company’s stock valued at $1,227,000 after acquiring an additional 215 shares during the last quarter. Delphi Management Inc. MA boosted its stake in Belden by 2.6% during the 4th quarter. Delphi Management Inc. MA now owns 26,405 shares of the industrial products company’s stock valued at $2,038,000 after acquiring an additional 669 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Belden by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 718 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Belden by 0.7% during the 3rd quarter. New York State Common Retirement Fund now owns 109,891 shares of the industrial products company’s stock valued at $8,850,000 after acquiring an additional 809 shares during the last quarter.

Belden (NYSE BDC) opened at $69.78 on Tuesday. The firm has a market cap of $2,856.02, a price-to-earnings ratio of 50.93 and a beta of 2.29. The company has a quick ratio of 1.59, a current ratio of 2.03 and a debt-to-equity ratio of 1.09. Belden has a 52 week low of $64.60 and a 52 week high of $87.14.

Belden (NYSE:BDC) last announced its earnings results on Thursday, February 1st. The industrial products company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.15). The firm had revenue of $604.88 million during the quarter, compared to analysts’ expectations of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. Belden’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 earnings per share. analysts anticipate that Belden will post 6.09 EPS for the current fiscal year.

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Belden Company Profile

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

Analyst Recommendations for Belden (NYSE:BDC)

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