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Investing.com - Piper Sandler raised its price target on Becton Dickinson (NYSE:BDX) stock to $200 from $185 while maintaining a Neutral rating following the company’s strong fiscal third-quarter results. According to InvestingPro data, analyst targets for the stock range from $183 to $270, with the company currently trading at a P/E ratio of 31.5x.
Becton Dickinson reported quarterly revenue of $5,509 million, representing 3% organic year-over-year growth, which exceeded the Street’s expectation of $5,486 million. The company also posted earnings per share of $3.68, significantly beating the consensus estimate of $3.40. InvestingPro analysis shows the company maintains a strong financial health score of GOOD, with a 46.3% gross profit margin and consistent dividend payments for 54 consecutive years.
The medical technology company’s shares rose 9% on the day of the announcement, recovering some of the losses experienced after what Piper Sandler described as a "forgettable" fiscal second quarter.
Piper Sandler noted that this quarter marked "a stark improvement in top-line and margin performance" compared to the previous quarter, calling it "a step in the right direction in posting better results and regaining investor trust."
The research firm indicated that Becton Dickinson would need to demonstrate more consistent mid-single-digit organic growth and continued operational execution to move beyond its "current value status" in the market.
In other recent news, Becton Dickinson and Co reported its third-quarter earnings for 2025, demonstrating a strong financial performance that exceeded market expectations. The company posted an adjusted earnings per share of $3.68, surpassing the forecasted $3.40, which marks an 8.24% surprise. Additionally, Becton Dickinson’s revenue reached $5.5 billion, slightly above the anticipated $5.49 billion. These results highlight the company’s robust growth and strategic initiatives. The earnings announcement has drawn attention from investors, reflecting confidence in the company’s performance. The financial results are a key development for stakeholders and market watchers. The company’s ability to surpass earnings and revenue forecasts is a significant point of interest in the investment community.
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