Becton Dickinson & Co. (BDX) stock: 12-month forecast projects 19.67% potential return%

Becton Dickinson & Co. [BDX] stock is trading at $233.15, up 0.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BDX shares have lost -3.10% over the last week, with a monthly amount drifted -2.95%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Becton Dickinson & Co. [NYSE: BDX] stock has seen the most recent analyst activity on July 24, 2023, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $305 for it. On May 05, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $290 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $304 on April 12, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $290 on January 03, 2023. Citigroup upgraded its rating to Neutral for this stock on December 12, 2022, and upped its price target to $250. In a note dated July 11, 2022, Citigroup downgraded an Sell rating on this stock and revised its target price from $265 to $235.

Becton Dickinson & Co. [BDX] stock has fluctuated between $229.40 and $287.32 over the past year. Currently, Wall Street analysts expect the stock to reach $279 within the next 12 months. Becton Dickinson & Co. [NYSE: BDX] shares were valued at $233.15 at the most recent close of the market. An investor can expect a potential return of 19.67% based on the average BDX price forecast.

Analyzing the BDX fundamentals

Becton Dickinson & Co. [NYSE:BDX] reported sales of 19.49B for the trailing twelve months, which represents a growth of 2.62%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 231.33 points at the first support level, and at 229.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 234.11, and for the 2nd resistance point, it is at 235.07.

Ratios To Look Out For

For context, Becton Dickinson & Co.’s Current Ratio is 1.08. Further, the Quick Ratio stands at 0.64, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 3.46, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 55.14.

Transactions by insiders

Recent insider trading involved Spoerel Thomas J, SVP,Controller&Chief Acct Off, that happened on Mar 14 ’24 when 282.0 shares were sold. EVP & President Medical, Garrison Michael David completed a deal on Dec 11 ’23 to sell 1239.0 shares. Meanwhile, EVP & President Interventional Byrd Richard sold 2156.0 shares on Nov 28 ’23.

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