Becton, Dickinson and Company (BDX) Hits A Home Run: Let’s Look Forward

The stock of Becton, Dickinson and Company (NYSE:BDX) has been Upgraded to Overweight from Equal Weight by Barclays in its latest research note that was published on May 13. BDX was given a price target of$266 by Barclays, with other Wall Street analysts also giving their reports regarding the stock. Deutsche Bank, analysts launched coverage of BDX stock with a Buy rating, according to their flash note to investors on December 07.

Becton, Dickinson and Company, which has current market capitalization of above $71 Billion, published its last quarter earnings on June 30, 2019.

BDX surged by $2.84 during the normal trading session on Thursday and reaching a high of $263.84 during the day while it closed the day at $262.15. The Becton, stock had a high trading volume of 1.07 million shares on that day, which is high compared to the average daily volume of 1.03M shares. BDX has also gained 1.42% of its value over the past 7 days. However, the stock has surged by 10.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.92% while it has added 16.35% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.98% from its 3 months high price. However, taking another look at BDX will indicate that it is trading +14.48% away from its 90-day low. Looking at the bigger picture, the Becton, Dickinson and Company stock has dropped by -1.4% from its 52-week high while it has surged by +25.66% from its 52-week low price.

On September 06, 2019 FORLENZA VINCENT A, Chairman, CEO and President sold 11532 shares of the company. The average price for that transaction was $260.38 per share, which meant that FORLENZA VINCENT A earned $3002702 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP Corp Fin Chief Acct Office, Bodner Charles R selling 1514 shares of this stock on September 06, 2019. The average selling price for the stock was $260.08 per share, with the sold stock accruing $393761.1. Following this transaction, the SVP Corp Fin Chief Acct Office Bodner Charles R now holds 33041 shares of the company, which is worth around $8623701.

Becton, has around 594 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $18 Trillion. The Becton, stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Becton, Dickinson and Company is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.62%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 92.75%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 87.22%. Over the past 20 days, Becton,’s Stochastic %K stood at 82.63% while its Stochastic %D was revealed to be 78.68%.