In a report released today, David Williams from Benchmark Co. maintained a Buy rating on Belden (BDC – Research Report), with a price target of $100.00. The company’s shares closed last Friday at $88.23.
Williams covers the Technology sector, focusing on stocks such as Lattice Semiconductor, Maxlinear, and Plexus. According to TipRanks, Williams has an average return of 4.6% and a 49.39% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Belden with a $101.50 average price target, representing a 15.04% upside. In a report released on May 3, Truist Financial also maintained a Buy rating on the stock with a $101.00 price target.
Based on Belden’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $551.24 million and a net profit of $38.47 million. In comparison, last year the company earned a revenue of $659.07 million and had a net profit of $61.97 million
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Belden (BDC) Company Description:
Belden, Inc. engages in the provision of innovative signal transmission solutions. It operates through the Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications. The Industrial Solutions segment includes physical network and fieldbus infrastructure components and on-machine connectivity systems customized to end user, and original equipment manufacturer (OEM) needs. The company was founded by Joseph C. Belden in 1902 and is headquartered in St. Louis, MO.
