Becton Dickinson and Company (NYSE:BDX) saw an upside of 1.09% to close Tuesday at $238.39 after adding $2.56 on the day. The 5-day average trading volume is 1,316,660 shares of the company’s common stock. It has gained $248.21 in the past week. An average of 1,503,060 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,460,078.
BDX’s 1-month performance is -7.82% or -$19.94 on its low of $235.13 reached on 10/12/21. The company’s shares have touched a 52-week low of $226.15 and high of $267.37, with the stock’s rally to the 52-week high happening on 01/12/21. YTD, BDX has lost -4.73% or -$11.83. However, the current price is down -10.84%% from the 52-week high price.
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On Sep 08, 35 days have gone by since the last insider trading activity for Becton Dickinson and Company (BDX). Hickey David (EVP & President, Life Sciences) most recently sold 500 shares at $260.00 per share on Sep 08. This transaction cost the insider $130,000. Director, RIMEL REBECCA W, sold 500 shares at a price of $260.00 on Sep 08. Then, on Sep 08, VP Controller & Chief Acct Off Spoerel Thomas J sold 267 shares at a price of $260.00 per share. This transaction amounted to $69,420.
The company’s PE ratio for the last five years has touched a high of 600.86 and a low of 27.33. BDX stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.49 while the price-to-book (PB) in the most recent quarter is 2.86, with the price to cash flow ratio at 22.31.
Becton Dickinson and Company pays an annual dividend of $3.32 per share. Its dividend yield is 1.39% and the payout ratio is 51.10%. BDX’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.83 a share compared with prior rate of $0.83, down 0.0% from last year’s. The company has boosted its dividend for the last 50 consecutive years with the latest dividend increase of $0.04 reported on Tuesday November 24 2020. Measured over the last 3 years, the Dividend has been growing by 8.84% yearly.
It is projected that Becton Dickinson and Company’s next ex-dividend date will be on 9-Dec. BDX is expected to distribute $0.83 as its next dividend.
Becton Dickinson and Company’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.20 meaning that BDX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.73. In terms of profitability, the gross margin trailing 12 months is 47.30%. The trailing 12-month EBITDA margin is 24.46% while for the period ending June 29; Becton Dickinson and Company’s operating margin was 12.70%. The firm’s gross profit as reported stood at $7.58 billion against revenue of $17.12 billion.
For the quarterly period ending June 29 this year, Becton Dickinson and Company’s cash and short-term investments amounted to $24.0 million against total debt of $17.73 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected BDX to announce $2.44 per share in earnings in its latest quarter, but it posted $2.74, representing a 12.30% surprise. EBITDA for the quarter stood at more than $1.2 billion. BDX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.2 billion, with total debt at $17.73 billion. Shareholders hold equity totaling $287.19 million
Let’s look briefly at Becton Dickinson and Company (BDX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 32.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.98%.
The stock’s 5-day moving average is $239.96, reflecting a -1.92% or -$4.67 change from its current price. BDX is currently trading -8.47% above its 20-day SMA, -2.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.93% and -3.87% respectively.
Stochastic %K and %D was 4.99% and 5.95% and the average true range (ATR) pointed at 4.32. The RSI (14) points at 34.47%, while the 14-day stochastic is at 14.03% with the period’s ATR at 4.20. The stock’s 9-day MACD Oscillator is pointing at -3.95 and -7.68 on the 14-day charts.
In the most recent analyst report for Becton Dickinson and Company (NYSE: BDX), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BDX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BDX as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is BDX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $250.00 and a high of $285.00, with their median price target at $268.50. Looking at these predictions, the average price target given by analysts is for Becton Dickinson and Company (BDX) stock is $267.64.