Brady Corporation (NYSE:BRC) has been assigned a $36.00 price objective by investment analysts at Robert W. Baird in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 9.26% from the company’s previous close.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Brady Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, May 15th. BidaskClub cut Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Brady Corporation presently has a consensus rating of “Hold” and a consensus price target of $39.25.
Brady Corporation (NYSE:BRC) opened at 32.95 on Thursday. The company’s 50 day moving average is $33.11 and its 200 day moving average is $36.45. The stock has a market cap of $1.69 billion, a P/E ratio of 17.81 and a beta of 1.12. Brady Corporation has a 52 week low of $31.70 and a 52 week high of $40.50.
Brady Corporation (NYSE:BRC) last posted its earnings results on Thursday, May 25th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Brady Corporation had a return on equity of 14.44% and a net margin of 8.64%. The business had revenue of $275.90 million during the quarter, compared to analysts’ expectations of $279.39 million. During the same period in the prior year, the business earned $0.42 EPS. Brady Corporation’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts predict that Brady Corporation will post $1.81 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in Brady Corporation by 62.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,195 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Brady Corporation during the second quarter worth about $118,000. Ameritas Investment Partners Inc. acquired a new stake in Brady Corporation during the first quarter worth about $153,000. State of Alaska Department of Revenue boosted its stake in Brady Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,260 shares of the industrial products company’s stock worth $203,000 after buying an additional 120 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Brady Corporation by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after buying an additional 305 shares during the last quarter. 74.88% of the stock is owned by institutional investors and hedge funds.
About Brady Corporation
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
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