Becton Dickinson & Co. (NYSE: BDX) has seen a decline in its stock price by -2.31 in relation to its previous close of 235.69. However, the company has experienced a -2.58% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-10 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Becton Dickinson & Co. (NYSE: BDX) Right Now?
The price-to-earnings ratio for Becton Dickinson & Co. (NYSE: BDX) is 47.37x, which is above its average ratio. Moreover, the 36-month beta value for BDX is 0.44. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BDX is 288.63M and currently, short sellers hold a 0.51% of that float. On September 11, 2024, BDX’s average trading volume was 1.37M shares.
BDX’s Market Performance
BDX stock saw a decrease of -2.58% in the past week, with a monthly decline of -1.66% and a quarterly a decrease of -2.00%. The volatility ratio for the week is 2.31%, and the volatility levels for the last 30 days are 1.36% for Becton Dickinson & Co. (BDX). The simple moving average for the last 20 days is -2.68% for BDX stock, with a simple moving average of -2.74% for the last 200 days.
Analysts’ Opinion of BDX
Many brokerage firms have already submitted their reports for BDX stocks, with Goldman repeating the rating for BDX by listing it as a “Buy.” The predicted price for BDX in the upcoming period, according to Goldman is $274 based on the research report published on May 30, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see BDX reach a price target of $305. The rating they have provided for BDX stocks is “Outperform” according to the report published on July 24th, 2023.
Morgan Stanley gave a rating of “Overweight” to BDX, setting the target price at $295 in the report published on May 30th of the previous year.
BDX Trading at -1.64% from the 50-Day Moving Average
After a stumble in the market that brought BDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.57% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.27% upper at present.
During the last 5 trading sessions, BDX fell by -2.73%, which changed the moving average for the period of 200-days by -2.92% in comparison to the 20-day moving average, which settled at $236.27. In addition, Becton Dickinson & Co. saw -5.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BDX starting from Spoerel Thomas J, who sale 300 shares at the price of $239.31 back on Jun 10 ’24. After this action, Spoerel Thomas J now owns 1,976 shares of Becton Dickinson & Co., valued at $71,793 using the latest closing price.
Goette Roland, the EVP and President EMEA of Becton Dickinson & Co., sale 3,300 shares at $236.73 during a trade that took place back on May 15 ’24, which means that Goette Roland is holding 11,308 shares at $781,224 based on the most recent closing price.
Stock Fundamentals for BDX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.42 for the gross margin
The net margin for Becton Dickinson & Co. stands at 0.07. The total capital return value is set at 0.05. Equity return is now at value 5.63, with 2.69 for asset returns.
Based on Becton Dickinson & Co. (BDX), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 8.82.
Currently, EBITDA for the company is 4.71 billion with net debt to EBITDA at 3.58. When we switch over and look at the enterprise to sales, we see a ratio of 4.12. The receivables turnover for the company is 7.64for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
To wrap up, the performance of Becton Dickinson & Co. (BDX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
