Balchem (BCPC) Stock Rating Lowered by BidaskClub
Balchem (NASDAQ:BCPC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.
BCPC has been the topic of several other research reports. ValuEngine raised Balchem from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. HC Wainwright began coverage on Balchem in a report on Tuesday, September 25th. They set a “buy” rating on the stock. Sidoti raised Balchem from a “neutral” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 16th. Finally, Pivotal Research raised their price objective on Balchem from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $122.33.
NASDAQ:BCPC opened at $90.12 on Thursday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 30.75 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.82 and a current ratio of 3.42. Balchem has a 12 month low of $70.23 and a 12 month high of $117.79.
Hedge funds have recently modified their holdings of the business. Bbva Compass Bancshares Inc. purchased a new position in shares of Balchem during the third quarter worth about $226,000. Zeke Capital Advisors LLC purchased a new position in shares of Balchem during the second quarter worth about $203,000. Cubist Systematic Strategies LLC purchased a new position in shares of Balchem during the second quarter worth about $218,000. Granahan Investment Management Inc. MA purchased a new position in shares of Balchem during the second quarter worth about $224,000. Finally, Sigma Planning Corp purchased a new position in shares of Balchem during the second quarter worth about $229,000. 88.48% of the stock is currently owned by institutional investors.
Balchem Company Profile
Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.
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