Canaccord Genuity analyst Jonathan Dorsheimer maintained a Hold rating on Belden (NYSE:BDC) Inc on Wednesday, setting a price target of $37, which is approximately 15.52% above the present share price of $32.03.
Dorsheimer expects Belden Inc to post earnings per share (EPS) of -$0.25 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Belden, with an average price target of $37.
The analysts price targets range from a high of $37 to a low of $37.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $463.53 million and a net profit of $29.71 million. The company's market cap is $1.5 billion.
According to TipRanks.com, Canaccord Genuity analyst Jonathan Dorsheimer is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.9% and a 48.51% success rate.
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.