A share price of Alcon Inc. [ALC] is currently trading at $85.00, down -1.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALC shares have gain 4.71% over the last week, with a monthly amount glided 13.36%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Alcon’s Broad Portfolio Delivers Robust Sales and Earnings Growth in FY 2023. In a post published today on Yahoo Finance, Q4 2023 sales of $2.3 billion, up 8%, or 10% constant currency(1) (cc).
From an analyst’s perspective:
Previously, Bernstein started tracking the stock with Outperform rating on January 23, 2024, and set its price target to $94.40. On December 18, 2023, downgrade downgraded it’s rating to Sell. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $85 on December 12, 2023. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $65 on December 04, 2023. JP Morgan upgraded its rating to Overweight for this stock on August 17, 2023, and upped its price target to $89.30.
Alcon Inc. experienced fluctuations in its stock price throughout the past year between $63.78 and $86.79. Currently, Wall Street analysts expect the stock to reach $85.15 within the next 12 months. Alcon Inc. [NYSE: ALC] shares were valued at $85.00 at the most recent close of the market. An investor can expect a potential return of 0.18% based on the average ALC price forecast.
Analyzing the ALC fundamentals
Trailing Twelve Months sales for Alcon Inc. [NYSE:ALC] were 9.46B which represents 8.34% growth. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 84.41 points at the first support level, and at 83.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.74, and for the 2nd resistance point, it is at 86.49.
Alcon Inc. [ALC] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.68/share, meaning a difference of $0.01 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.66 per share as compared to estimates of $0.67 per share, a difference of -$0.01 representing a surprise of -1.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alcon Inc. [NYSE:ALC] is 2.28. As well, the Quick Ratio is 1.34, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 4.43, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 43.17.
