Becton Dickinson & Co. (NYSE: BDX)’s stock price has decreased by -1.12 compared to its previous closing price of 238.21. However, the company has seen a -0.77% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-10 that Announces Dates for Fiscal 2025 Quarterly Earnings Webcasts FRANKLIN LAKES, N.J., Oct. 10, 2024 /PRNewswire/ — BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced that it will report financial results for its fiscal 2024 fourth quarter and full year on Thursday, Nov. 7, 2024.
Is It Worth Investing in Becton Dickinson & Co. (NYSE: BDX) Right Now?
Becton Dickinson & Co. (NYSE: BDX) has a higher price-to-earnings ratio of 48.46x compared to its average ratio. BDX has 36-month beta value of 0.43. Analysts have mixed views 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 0.86% ratio of that float. The average trading volume of BDX on October 11, 2024 was 1.37M shares.
BDX’s Market Performance
BDX’s stock has seen a -0.77% decrease for the week, with a 0.79% rise in the past month and a 2.81% gain in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are at 1.63% for Becton Dickinson & Co. The simple moving average for the past 20 days is -0.43% for BDX’s stock, with a -0.45% simple moving average for the past 200 days.
Analysts’ Opinion of BDX
Many brokerage firms have already submitted their reports for BDX stocks, with Citigroup repeating the rating for BDX by listing it as a “Buy.” The predicted price for BDX in the upcoming period, according to Citigroup is $275 based on the research report published on October 01, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see BDX reach a price target of $274. The rating they have provided for BDX stocks is “Buy” according to the report published on May 30th, 2024.
Raymond James gave a rating of “Outperform” to BDX, setting the target price at $305 in the report published on July 24th of the previous year.
BDX Trading at -0.35% 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 -12.61% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +0.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.29% lower at present.
During the last 5 trading sessions, BDX fell by -0.77%, which changed the moving average for the period of 200-days by -3.07% in comparison to the 20-day moving average, which settled at $236.57. In addition, Becton Dickinson & Co. saw -3.40% 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 BURZIK CATHERINE M, who proposed sale 400 shares at the price of $235.78 back on Sep 16 ’24. After this action, BURZIK CATHERINE M now owns shares of Becton Dickinson & Co., valued at $94,312 using the latest closing price.
Spoerel Thomas J, the SVP,Controller&Chief Acct Off of Becton Dickinson & Co., sale 300 shares at $239.31 during a trade that took place back on Jun 10 ’24, which means that Spoerel Thomas J is holding 1,976 shares at $71,793 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 4.18. 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 put it simply, Becton Dickinson & Co. (BDX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
