BECTON-DICKINSON

Analysis of Becton-Dickinson share price

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Are you interested in Becton Dickinson stock and want to invest in its price? In this case, we will here help you analyse this value in the best conditions with some explanations on the company, its sector of activity, its main competitors in the market and other data. For example, we'll be presenting the latest partnerships to date set up by this group, its activities and sources of profit and give you information on the data that you must analyse as a priority as part of your fundamental analyses of this stock.

Elements that can influence the price of this asset:

Analysis N°1

Given the specific activities of Becton Dickinson, it's obviously strongly recommended to follow all the group's innovations in the field of medical equipment with the development of technological solutions meeting new needs.

Analysis N°2

You should also follow the publications of the competition and their novelties on the market in order to anticipate future variations in the market shares of each of the companies in this sector.

Analysis N°3

As you'll see below, the partnerships set up by Becton Dickinson are also major events on which you can bet, most often on the rise.

Analysis N°4

Taking cognizance of the financial results of this company which are published annually and every six months also goes without saying.

Analysis N°5

Finally, you should also study the operations aimed at allowing Becton Dickinson to expand internationally.

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General presentation of Becton-Dickinson

Now let's find out who Becton Dickinson is and how the company generates profit with its core business and sources of income.

The Becton Dickinson group is an American company specializing in the medical sector and more specifically in the development, production and marketing of medical equipment and diagnostic devices. To better understand the group's activities, they can be divided into several divisions according to the percentage of turnover they generate as so:

  • Medical devices alone represent nearly 52.4% of the group's turnover, with surgical instruments for 71%, pharmaceutical systems for 16.2% and diabetes care products for 12.2%.
  • Next comes diagnostic equipment with 24.9% of the company's turnover. This includes automated systems for blood culture, the detection of mycobacteria and molecular biology, devices dedicated to medical biology and others.
  • Finally, the remainder of the group's turnover, i.e. 22.7%, comes from research and clinical development tools with equipment intended for the discovery of drugs and vaccines, the study of genes, cell culture and liquid manipulation, cell sorting and analysis instruments, and mononuclear antibodies.

It's also interesting to know the geographical distribution of the income of the Becton Dickinson group. The group achieves 56.3% of its turnover in the United States, 19.4% in Europe, 15.8% in Asia-Pacific and 8.5% in the rest of the world.

Currently, Becton Dickinson employs over 70,093 people around the world.

Analysis of Becton-Dickinson share price
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The major competitors of Becton-Dickinson

To understand what can influence the Becton Dickinson share price, you also need to be familiar with the company's competitors. Here are the most important ones on the world market:

Shandong Weigao Group Medical Polymer Co

This company is a Chinese enterprise committed to the research, development, manufacture and marketing of single-use medical devices. It owns the Jierui and Wego Ortho brands and operates both in the segment of single-use medical devices and other types of devices such as diagnostic equipment.

Teleflex Incorporated

This American Company also specializes in the design, manufacture and sale of single-use medical devices for hospitals and healthcare providers for diagnostic, therapeutic procedures in intensive care applications and in surgery.

Coloplast

Finally, Becton Dickinson's third largest competitor is Coloplast, a Swiss company specializing in the design, production and sale of medical products such as hygiene products, ostomy care products and wound and skin care products.


The major partners of Becton-Dickinson

Finally, you can learn a little more about the strategic partnerships that the Becton Dickinson group has put in place over the past few years with two tangible examples:

Aptar Pharma

In 2019, Becton Dickinson signed a strategic partnership with the specialist in drug delivery solutions Aptar Pharma. The two companies decided to collaborate in order to develop a new generation of auto-injector pens. This solution will be based on Aptar's dual-compartment auto injector and Becton pre-filled syringe technology.

Technicada

The same year, the Becton Dickinson group joined forces with Technicada in order to allow the Grenobles Alpes university hospital centre to remain innovative. The centre therefore ordered a Becton robotic chain from these two service providers, coupled with dedicated management software developed by Technicada.

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Frequently Asked Questions

How do I follow the news of the Becton Dickinson Company?

Despite the fact that Becton Dickinson is an American company, it is relatively easy to find information about them. You can consult its news and other important publications directly from its website in the investors section, as well as on your online trading platform in the stock market news section, if it offers this stock.

Should you invest in the Becton Dickinson share for the long term?

The price of the Becton Dickinson share has been evolving for several years in an upward fund trend. The share attracts a lot of investors with a long term trading strategy. But it is important to take into account the micro-movements that punctuate these trends. If your strategy is shorter term, you can also invest in transient bearish movements of this security, especially by using specific contracts like CFDs.

Which technical indicators should be used to analyse the price of Becton Dickinson's share?

As part of your analysis of the Becton Dickinson share price, you should of course use several specific technical indicators. You should focus on volatility indicators as well as trend indicators as well as strategic levels such as supports, resistances and pivot points. Do not forget to perform a fundamental analysis of this stock in addition to this graphical analysis.

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