Why Brady Corporation Stock Was Climbing Today
Shares of Brady Corporation (NYSE: BRC) were moving higher today after the diversified supplier of identification and tracking solutions posted better-than-expected results in its fiscal fourth-quarter report.
As of 11:37 a.m. ET on Wednesday, the stock was up 11.9%.
Brady, which makes a wide variety of products for tracking and organizing -- including radio-frequency ID tags, barcodes, printers, and software -- said that revenue in the quarter rose 6.8% to $345.9 million, which easily beat the analyst consensus at $329.2 million. The company saw 4.4% revenue growth in its Americas Asia region and an 11.5% increase in Europe Australia.
Source Fool.com
Brady Corp. A Stock
€64.00
0.790%
Currently there is a rather positive sentiment for Brady Corp. A with 5 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 59 € is below the current price of 64.0 € for Brady Corp. A, so the potential is actually -7.81%.
