Becton Dickinson & Co. (NYSE: BDX) Trading above Its 20 Day MA ($234.20), Why Showing An Interesting Price Pattern?

Becton Dickinson & Co. (NYSE:BDX) does about 1.34M shares in volume on a normal day but saw 2034395 shares change hands in Friday’s trading. The company now has a market cap of 68.11B USD. Its current market price is $235.67, marking an increase of 0.29% compared to the previous close of $235.00. The 52 week high reached by this stock is $287.32 whilst the lowest price level in 52 weeks is $229.40.

Becton Dickinson & Co. (BDX) has a 20-day trading average at $234.20 and the current price is -17.98% off the 52-week high compared with 2.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $237.90 and its 200-day simple moving average is $248.90. If we look at the stock’s price movements over the week, volatility stands at 1.27%, which increases to 1.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.14 to suggest the stock is neutral.

The consensus objective for the share price is $277.42, suggesting that the stock has a potential upside of 15.05% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 24, 2023 when Raymond James upgraded the stock to “Outperform” and issued a price target of $305. Piper Sandler upgraded its price target at $260-$290.

Becton Dickinson & Co. (BDX) stock is up 0.42% over the week and -2.05% over the past month. Its price is -3.35% year-to-date and -6.13% over the past year.

To reach the target analysts have set, the stock logically needs to grow 15.05 percent from here.

The company has a return on investment of 3.17% and return on equity of 5.37%. The price to earnings ratio (P/E ratio) amounts to 51.86 while the forward price to earnings ratio is 16.52. The beta has a value of 0.45. Price to book ratio is 2.66 and price to sales ratio is 3.45.