In a report released today, Rob Cihra from Guggenheim maintained a Buy rating on Belden Inc (NYSE: BDC), with a price target of $77. The company’s shares opened today at $54.05, close to its 52-week low of $50.71.
According to TipRanks.com, Cihra is a 3-star analyst with an average return of 3.8% and a 48.8% success rate. Cihra covers the Consumer Goods sector, focusing on stocks such as Western Digital, Seagate Tech, and Corning Inc.
Belden Inc has an analyst consensus of Strong Buy, with a price target consensus of $86.
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Based on Belden Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28.87 million. In comparison, last year the company had a net profit of $1.03 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.
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Belden, Inc. engages in the provision of innovative signal transmission solutions. Its comprehensive portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound and video for mission critical applications.
