Trade Report: The C.R. Bard Inc. (BCR) Raised to Outperform at BMO Capital Markets

The C.R. Bard Inc. (BCR) Raised to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of C.R. Bard Inc. (NYSE:BCR) from a market perform rating to an outperform rating in a research note published on Wednesday morning. BMO Capital Markets currently has $240.00 price objective on the stock. The analysts noted that the move was a valuation call.

Several other analysts also recently issued reports on BCR. JPMorgan Chase & Co. upped their price objective on C.R. Bard from $214.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. Morgan Stanley restated a hold rating and issued a $240.00 price objective on shares of C.R. Bard in a research report on Thursday, July 28th. Citigroup Inc. upped their price objective on C.R. Bard from $241.00 to $265.00 and gave the company a buy rating in a research report on Wednesday, July 27th. Deutsche Bank AG upped their price objective on C.R. Bard from $234.00 to $240.00 and gave the company a hold rating in a research report on Wednesday, July 27th. Finally, Evercore ISI began coverage on C.R. Bard in a research report on Thursday, September 15th. They issued a buy rating and a $235.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. C.R. Bard has a consensus rating of Hold and a consensus price target of $233.07.

C.R. Bard (NYSE:BCR) opened at 214.71 on Wednesday. C.R. Bard has a 52 week low of $172.21 and a 52 week high of $239.43. The stock has a market cap of $15.79 billion, a PE ratio of 32.43 and a beta of 0.50. The stock has a 50 day moving average price of $221.52 and a 200 day moving average price of $221.74.

C.R. Bard (NYSE:BCR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $2.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.09. C.R. Bard had a return on equity of 48.13% and a net margin of 14.05%. The business had revenue of $941.90 million for the quarter, compared to the consensus estimate of $931.66 million. During the same period in the prior year, the business earned $2.28 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that C.R. Bard will post $10.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, October 20th. This represents a $1.04 annualized dividend and a yield of 0.48%. C.R. Bard’s dividend payout ratio is presently 15.48%.

In other C.R. Bard news, VP Betty D. Larson sold 4,032 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $225.33, for a total transaction of $908,530.56. Following the completion of the sale, the vice president now directly owns 10,298 shares in the company, valued at $2,320,448.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John A. Deford sold 7,928 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $221.06, for a total value of $1,752,563.68. The disclosure for this sale can be found here. Company insiders own 0.97% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. bought a new stake in shares of C.R. Bard during the first quarter valued at $100,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of C.R. Bard by 415.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the company’s stock valued at $104,000 after buying an additional 357 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of C.R. Bard by 43.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 454 shares of the company’s stock valued at $107,000 after buying an additional 138 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of C.R. Bard by 4.9% in the third quarter. Advisory Services Network LLC now owns 513 shares of the company’s stock valued at $115,000 after buying an additional 24 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of C.R. Bard during the second quarter valued at $123,000. Institutional investors own 88.63% of the company’s stock.

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