The Latest Analyst Ratings For Belden
Portfolio Pulse from Benzinga Insights
Analysts have shown a bullish sentiment towards Belden (NYSE:BDC) over the past quarter, with all six analysts rating it as a 'Buy'. The average 12-month price target has increased to $111.33, up from $103.60. Despite revenue challenges, Belden's net margin, ROE, and ROA surpass industry standards, although it faces high debt levels.
July 23, 2024 | 4:01 pm
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Belden (NYSE:BDC) has received unanimous 'Buy' ratings from six analysts over the past quarter. The average 12-month price target has increased to $111.33, indicating positive sentiment. Despite a revenue decline of -16.53% over the past three months, Belden's net margin, ROE, and ROA are above industry standards, showcasing strong financial health. However, the company faces challenges with a high debt-to-equity ratio of 1.11.
The unanimous 'Buy' ratings and increased price targets indicate strong positive sentiment from analysts. Despite revenue challenges, Belden's strong net margin, ROE, and ROA suggest robust financial health, which is likely to positively impact the stock price in the short term. However, the high debt-to-equity ratio poses a potential risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100