Belden Inc. (BDC) Receives Average Rating of “Hold” from Analysts
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.
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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