How Becton Dickinson and Company (BDX) Works From A Technical Perspective

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Becton Dickinson and Company (NYSE:BDX) finished Friday with a subtraction of -$2.6 to close at $254.30, a downside of -1.01 percent. An average of 594,780 shares of common stock have been traded in the last five days. There was a gain of $0.71 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,178,230 shares traded, while the 50-day average volume stands at 1,552,856.

BDX stock has increased by 1.99% in the last month. The company shares reached their 1-month lowest point of $242.76 on 12/06/22. With the stock rallying to its 52-week high on 02/09/22, shares of the company touched a low of $215.90 and a high of $277.29 in 52 weeks. It has reached a new high 11 times so far this year and achieved 3.72% or $2.82 in price. In spite of this, the price is down -8.29% from the 52-week high.


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Insider Transactions

BDX stock investors should be aware that Becton Dickinson and Company (BDX) stock had its last reported insider trading activity 138 days ago on Aug 15. In this transaction, the insider spent $125,875. Chairman, CEO and President, Polen Thomas E Jr, disposed of 9,500 shares at a price of $265.13 on Aug 15. The insider now owns more than $2,518,735 worth of shares. Prior to that, Executive Vice President Polen Thomas E Jr went on to Sale 1,652 shares at $260.00 each on Aug 09. An amount of $429,520 was transacted.

Valuation Metrics

Becton Dickinson and Company (BDX) has a trailing price-to-earnings (P/E) ratio of 47.29. The stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.81, the price-to-book (PB) ratio at 2.86, and the price-to-cash flow ratio at 107.35.

The company has a payout ratio of 44.10%. The company’s most recent quarterly dividend payment was $0.91 a share, representing a up of 4.6% from $0.87 last year. Its latest increase dividend $0.04 reported on Thursday November 10 2022.

Financial Health

The quick ratio of Becton Dickinson and Company for the three months ended September 29 was 0.60, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.64 for the quarter ending September 29. Its gross profit as reported stood at $8.48 billion compared to revenue of $18.87 billion.

Earnings Surprise

For the three-month period that ended September 29, Becton Dickinson and Company had $8.0 million in cash and short-term investments compared to $13.89 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $265.0 million in the quarter, while revenues were grew 8.68%. The analyst consensus anticipated Becton Dickinson and Company’s latest quarter earnings to come in at $2.74 per share, but it turned out to be $2.75, a 0.40% surprise. For the quarter, EBITDA amounted to $858.0 million. Shareholders own equity worth $283.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Becton Dickinson and Company (BDX) price momentum. RSI 9-day as of the close on 30 December was 59.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.65%.

As of today, BDX’s price is $254.82 +0.28% or $0.71 from its 5-day moving average. BDX is currently trading +1.38% higher than its 20-day SMA and -0.39% lower than its 100-day SMA. However, the stock’s current price level is +12.79% above the SMA50 and -2.49% below the SMA200.

The stochastic %K and %D were 65.87% and 67.92%, respectively, and the average true range (ATR) was 4.39. With the 14-day stochastic at 59.48% and the average true range at 4.57, the RSI (14) stands at 60.77%. The stock has reached 1.58 on the 9-day MACD Oscillator while the 14-day reading was at 1.85.

Analyst Ratings

Citigroup upgraded Becton Dickinson and Company (NYSE: BDX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Becton Dickinson and Company (BDX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BDX, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.

What is BDX’s price target for the next 12 months?

Analysts predict a range of price targets between $245.00 and $281.00, with a median target of $271.00. Taking a look at these predictions, the average price target given by analysts for Becton Dickinson and Company (BDX) stock is $264.83.

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