Fintel reports that on August 21, 2023, Citigroup maintained coverage of Becton Dickinson (NYSE:BDX) with a Neutral recommendation.
Analyst Price Forecast Suggests 8.52% Upside
As of August 2, 2023, the average one-year price target for Becton Dickinson is 299.07. The forecasts range from a low of 262.60 to a high of $341.25. The average price target represents an increase of 8.52% from its latest reported closing price of 275.60.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Becton Dickinson is 18,961MM, a decrease of 0.45%. The projected annual non-GAAP EPS is 12.06.
What is the Fund Sentiment?
There are 2472 funds or institutions reporting positions in Becton Dickinson. This is an increase of 19 owner(s) or 0.77% in the last quarter. Average portfolio weight of all funds dedicated to BDX is 0.46%, a decrease of 0.14%. Total shares owned by institutions increased in the last three months by 3.76% to 290,832K shares. 
The put/call ratio of BDX is 0.71, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 14,241K shares representing 4.91% ownership of the company. In it's prior filing, the firm reported owning 14,928K shares, representing a decrease of 4.82%. The firm decreased its portfolio allocation in BDX by 58.25% over the last quarter.
Wellington Management Group Llp holds 9,659K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 9,826K shares, representing a decrease of 1.73%. The firm decreased its portfolio allocation in BDX by 85.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,789K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,615K shares, representing an increase of 1.99%. The firm decreased its portfolio allocation in BDX by 8.30% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,625K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 6,593K shares, representing an increase of 0.48%. The firm decreased its portfolio allocation in BDX by 9.29% over the last quarter.
T. Rowe Price Investment Management holds 6,241K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 5,319K shares, representing an increase of 14.78%. The firm increased its portfolio allocation in BDX by 18.90% over the last quarter.
Becton, Dickinson And Background Information
(This description is provided by the company.)
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 65,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care.
Additional reading:
- BD Reports Third Quarter Fiscal 2023 Financial Results Continues Strong Performance and Progress Toward Achieving BD 2025 Strategy; Advances Innovation Pipeline and Receives Clearance for Updated BD Alaris™ Infusion System
- Subsidiary Issuers of Guaranteed Securities
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