Belden (BDC) Earns Daily News Sentiment Rating of 0.17
Press coverage about Belden (NYSE:BDC) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Belden earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.0507583634876 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts have weighed in on the stock. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Belden in a research note on Wednesday, December 6th. Stifel Nicolaus raised their price objective on shares of Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a research note on Wednesday, December 6th. Canaccord Genuity restated a “buy” rating and set a $94.00 price objective on shares of Belden in a research note on Friday, December 1st. Cross Research lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $89.50.
Shares of Belden (BDC) traded down $1.07 during mid-day trading on Tuesday, hitting $82.87. 298,613 shares of the stock were exchanged, compared to its average volume of 317,817. Belden has a 52-week low of $64.60 and a 52-week high of $86.85. The company has a market capitalization of $3,540.00, a price-to-earnings ratio of 57.55 and a beta of 2.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Belden’s dividend payout ratio is presently 13.89%.
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Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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