Why Becton, Dickinson and Company (NYSE:BDX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $183.18 on Becton, Dickinson and Company (NYSE:BDX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $8.57 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Becton, Dickinson and Company (NYSE:BDX) stands at 33.84.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Becton, Dickinson and Company C, the PEG ratio for coming 3-5 years is 1.55.

Technical Analysis

The technical analysis highlights that Becton, Dickinson and Company C current is trading $2.41 points away or +1.38% from its 50-day moving average of $174.91. Further it is trading $13.48 or +8.22% away its 200-day moving average of $163.85.

The 52-week high of Becton, Dickinson and Company (NYSE:BDX) was $178.79 while lowest point recorded in 52-week was $128.87. It implies if stock price makes a movement of over $-1.47, it will record a new 52-week high. In the case of +37.60% drop, it will touch a new 52-week low.

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