Shares of Belden Inc. (NYSE:BDC) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $91.33.
A number of analysts have commented on BDC shares. TheStreet cut Belden from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, November 3rd. Cross Research cut Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price target on shares of Belden in a research report on Friday, December 1st. Finally, Stifel Nicolaus lifted their price target on Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 6th.
Shares of Belden (NYSE:BDC) traded down $0.85 on Tuesday, reaching $73.21. The company’s stock had a trading volume of 364,669 shares, compared to its average volume of 479,571. Belden has a 12 month low of $64.60 and a 12 month high of $87.14. The company has a current ratio of 2.02, a quick ratio of 1.59 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3,069.77, a PE ratio of 53.44 and a beta of 2.29.
Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.15). Belden had a return on equity of 14.19% and a net margin of 9.84%. The firm had revenue of $604.88 million for the quarter, compared to analyst estimates of $648.92 million. During the same period in the prior year, the firm posted $1.42 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. equities research analysts predict that Belden will post 6.09 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of BDC. Boston Partners lifted its holdings in shares of Belden by 231.9% in the 3rd quarter. Boston Partners now owns 2,264,337 shares of the industrial products company’s stock valued at $182,347,000 after buying an additional 1,582,031 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Belden by 3.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,072,653 shares of the industrial products company’s stock valued at $408,501,000 after buying an additional 174,365 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Belden by 90.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 268,359 shares of the industrial products company’s stock valued at $20,709,000 after buying an additional 127,291 shares during the period. Rothschild Asset Management Inc. acquired a new position in shares of Belden in the 3rd quarter valued at about $9,356,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Belden by 9.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,136,189 shares of the industrial products company’s stock valued at $85,703,000 after buying an additional 94,138 shares during the period.
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Belden Company Profile
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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