#7 - Becton, Dickinson and Company (NYSE:BDX)
The last recession-proof stock on this list is Becton, Dickinson and Company (NYSE: BDX). The company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products.
BDX stock is up “only” about 11% in the last five years. This is consistent with the choppiness that investors found in the medical device sector. Pandemic regulations slowed the pace of elective surgeries and other medical procedures.
But viewed through a wider lens, Becton, Dickinson and Company has been an exceptional stock for investors to own and is likely to continue to pick up that growth in the future. Over the last five years, the company’s annual earnings per share (EPS) is up 33%. And analysts expect that EPS growth to continue at a pace of around 9% in 2023.
At 46x earnings, BDX stock doesn’t come cheap. And investors can find a better yield than the 1.45% yield. However, this is a dividend king that has increased its dividend for 51 consecutive years.
About Becton, Dickinson and Company
Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. The company operates in three segments: BD Medical, BD Life Sciences, and BD Interventional.
Read More - Current Price
- $224.00
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $283.00 (26.3% Upside)
Despite the dire overtones, recessions are fairly common occurrences. In fact, there have been 13 recessions since World War II. That number goes up to 23 if you go back to 1900, which was before the creation of the Federal Reserve in 1919.
But that should serve to remind investors that the economy – and the stock market – are resilient. When you know where to look, recessions don't have to be scary. And knowing the companies that are likely to perform well during a recession is a good place to start.
However, you do have to take action. Market timing is difficult for even the most seasoned investor. So buying stocks when they are objectively undervalued is a good strategy to manage through a recession. If you're unsure of where to start looking for your own recession-proof stocks, MarketBeat offers many free stock screeners that allow you to search for stocks based on the criteria that matter most to you.
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