
NYSE:BDX
This summary was created by AI, based on 2 opinions in the last 12 months.
Becton Dickinson has undergone significant structural changes following the spinoff of its life sciences business, now operating primarily as a med tech company. This transition aims to focus on higher-growth and higher-margin sectors, with management setting an adjusted earnings per share (EPS) target of $12.50 for 2026, down from an earlier forecast of $15. Despite the reduction in EPS expectations, there has been an increase in operating margin projections from 21% to 25%, reflecting a potentially stronger financial outlook. The stock is currently considered fairly priced at a multiple of 14x, yet the recent changes introduce additional risks. Analysts have a price target set at $200, contributing to a cautious but optimistic sentiment toward the company's future performance after assessing the implications of the Waters Corp acquisition of part of its diagnostics business.
Good time to get into healthcare and which stock? The Canadian Tire of healthcare supplies. Medtronic is also good.