Becton Dickinson & Co. (NYSE:BDX) saw an upside of 0.06% to close Friday at $265.20 after adding $0.16 on the day. The 5-day average trading volume is 912,820 shares of the company’s common stock. It has gained $268.97 in the past week and touched a new high 3 times within the past 5 days. An average of 1,195,795 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,324,284.
BDX’s 1-month performance is -4.29% or -$10.50 on its low of $261.10 reached on 09/06/23. The company’s shares have touched a 52-week low of $215.90 and high of $287.32, with the stock’s rally to the 52-week high happening on 07/24/23. YTD, BDX has achieved 4.29% or $10.90 and has reached a new high 6 times. However, the current price is down -7.70% from the 52-week high price.
Insider Transactions
BDX stock investors last saw insider trading activity on Sep 05.Byrd Richard (EVP & President Interventional) most recently sold 459 shares at $274.48 per share on Sep 05. This transaction cost the insider $125,986. Director, Fraser Claire, sold 848 shares at a price of $281.66 on Aug 28. Then, on Aug 11, EVP & President, Life Sciences Hickey David sold 2,974 shares at a price of $277.85 per share. This transaction amounted to $826,326.
Valuation Metrics
BDX stock has a beta of 0.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.04 while the price-to-book (PB) in the most recent quarter is 2.97, with the price to cash flow ratio at 44.17.
Becton Dickinson & Co.’s quick ratio for the period ended June 29 was 0.73, with the current ratio over the same period at 1.25. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.58, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 44.86%. The trailing 12-month EBITDA margin is 24.45% while for the period ending June 29, Becton Dickinson & Co.’s operating margin was 13.13%. The firm’s gross profit as reported stood at $8.48 billion against revenue of $18.87 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 13.78% to $392.0 million, while revenue of $438.0 million was -11.73% off the previous quarter. Analysts expected BDX to announce $2.91 per share in earnings in its latest quarter, but it posted $2.96, representing a 1.70% surprise. EBITDA for the quarter stood at more than $1.12 billion. BDX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.08 billion, with total debt at $16.78 billion. Shareholders hold equity totaling $290.11 million.
Let’s look briefly at Becton Dickinson & Co. (BDX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 37.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 9.47%.
The stock’s 5-day moving average is $265.58, reflecting a +0.55% or $1.46 change from its current price. BDX is currently trading -4.26% above its 20-day SMA, -0.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.02% and SMA200 by+7.71%.
Stochastic %K and %D was 24.16% and 23.25% and the average true range (ATR) pointed at 3.80. The RSI (14) points at 39.87%, while the 14-day stochastic is at 23.63% with the period’s ATR at 4.04. The stock’s 9-day MACD Oscillator is pointing at 0.79 and -0.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Becton Dickinson & Co. (NYSE: BDX), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform 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 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 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 $271.00 and a high of $325.00, with their median price target at $303.00. Looking at these predictions, the average price target given by analysts is for Becton Dickinson & Co. (BDX) stock is $300.77.
