In a report released on October 16, William Stein from Truist Financial maintained a Buy rating on Belden (BDC – Research Report), with a price target of $86.00. The company’s shares closed yesterday at $75.27.
According to TipRanks, Stein is a top 100 analyst with an average return of 23.6% and a 71.80% success rate. Stein covers the Technology sector, focusing on stocks such as Broadcom, Intel, and Monolithic Power.
Belden has an analyst consensus of Strong Buy, with a price target consensus of $102.00, representing a 35.51% upside. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $100.00 price target.
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BDC market cap is currently $3.21B and has a P/E ratio of 11.15.
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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.
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