Zacks Investment Research Lowers Becton Dickinson and (BDX) to Hold

Leslie Hanson
January 13, 2018

The stock increased 0.71% or $1.61 during the last trading session, reaching $227.43. About 731,281 shares traded. It has underperformed by 4.38% the S&P500. (AKRX) stock showed the move of 0.43% with the closing price of $33.51. Northern Trust Corp now owns 2,813,937 shares of the medical instruments supplier's stock valued at $549,028,000 after buying an additional 106,966 shares during the period. Bernzott Capital Advisors who had been investing in Catalent for a number of months, seems to be less bullish one the $5.64 billion market cap company.

The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.94. About 401,104 shares traded. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt System has 0.01% invested in Becton, Dickinson and Company (NYSE:BDX). It has outperformed by 3.79% the S&P500.

Since August 9, 2017, it had 0 buys, and 9 sales for $15.96 million activity. SANDO BARRY M had sold 23,200 shares worth $1.09 million. 3,500 shares were sold by Lim James C, worth $714,210 on Friday, September 8.

Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. The company had a trading volume of 1,387,200 shares, compared to its average volume of 1,719,833. After a recent check, the 14-day RSIfor Becton Dickinson and Company (BDX) is now at 64.94, the 7-day stands at 73.29, and the 3-day is sitting at 80.56. The institutional investor held 78,188 shares of the health care company at the end of 2017Q3, valued at $15.32 million, up from 72,761 at the end of the previous reported quarter. Zacks Investment Research raised Becton Dickinson and from a "hold" rating to a "buy" rating and set a $234.00 target price for the company in a research note on Tuesday, October 31st.

Ratings analysis reveals 61% of Becton Dickinson's analysts are positive. Shabshab Nabil also sold $1.24 million worth of Becton, Dickinson and Company (NYSE:BDX) shares. The firm has "Sector Perform" rating given on Friday, May 5 by Scotia Capital. Jefferies maintained it with "Buy" rating and $23000 target in Tuesday, July 18 report. RBC Capital Markets has "Hold" rating and $230.0 target. Also, the number of investment professionals holding Becton Dickinson & Co in their top 10 stock positions decreased from 47 to 36 for a decrease of 11.

After rates held steady on Thursday, the Standard & Poor's 500 index marked its seventh gain in the last eight days. According to the latest data, the consensus recommendation for Becton, Dickinson and Company (BDX) is Outperform. The firm has "Neutral" rating given on Monday, November 14 by Piper Jaffray. The company was maintained on Thursday, August 18 by Barclays Capital.

Investors sentiment decreased to 0.93 in 2017 Q3. Over the last three months, the shares of the company have changed 1.75% and performed -0.12% over the last six months. It fall, as 53 investors sold BDX shares while 344 reduced holdings. 28 funds opened positions while 68 raised stakes. The investment professionals in our partner's database now own: 197.53 million shares, up from 195.76 million shares in 2017Q2. 591 are held by Baldwin Brothers Ma. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. Howe And Rusling has 709 shares. The United Kingdom-based Troy Asset Management Ltd has invested 5.21% in the stock.

Psagot Invest House Ltd invested in 0.03% or 3,600 shares. The stock of Becton, Dickinson and Company (NYSE:BDX) has "Hold" rating given on Friday, September 22 by RBC Capital Markets.


According to Zacks, "In the previous year, Becton, Dickinson and Company, popularly known as BD, has outperformed the broader industry". Becton Dickinson and's revenue was down 2.0% on a year-over-year basis. Adams Diversified Equity Fund accumulated 63,000 shares. Ubs Asset Management Americas holds 0% or 83,420 shares in its portfolio.

Analysts await Catalent, Inc. (NASDAQ:ATRC) to report earnings on February, 27.

EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 8.50%, and looking further price to next year's EPS is 29.92%. CTLT's profit will be $41.18M for 34.23 P/E if the $0.31 EPS becomes a reality. 181,458 shares valued at $7.19 million were sold by Chiminski John R on Monday, December 11. Strahlman Ellen R sold $1.84 million worth of stock.

Impala Asset Management Llc, which manages about $2.53 billion and $2.24B US Long portfolio, upped its stake in Trinity Inds Inc (NYSE:TRN) by 167,491 shares to 2.13 million shares, valued at $67.97 million in 2017Q3, according to the filing.

Jefferies Group Llc increased Carlisle Cos Inc (Put) (NYSE:CSL) stake by 35,000 shares to 45,000 valued at $4.51M in 2017Q3.

Among 6 analysts covering Kinross Gold Corporation (TSE:K), 3 have Buy rating, 1 Sell and 2 Hold. The company was maintained on Tuesday, August 22 by Jefferies. The stock of Union Pacific Corporation (NYSE:UNP) earned "Hold" rating by Stifel Nicolaus on Thursday, October 26. Oppenheimer maintained CoreLogic, Inc. As per Wednesday, August 19, the company rating was maintained by Argus Research. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Bank of America upgraded the shares of CTLT in report on Monday, June 20 to "Buy" rating.

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