Veralto Corp [VLTO] stock is trading at $89.32, up 0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The VLTO shares have gain 3.36% over the last week, with a monthly amount glided 15.07%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Veralto to Participate at Upcoming Investor Conferences. In a post published today on Yahoo Finance, Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced today that it will participate in the Citi Global Industrial Tech and Mobility Conference on Tuesday, February 20, 2024 and the Barclays Industrial Select Conference on Wednesday, February 21, 2024.
From an analyst’s perspective:
Veralto Corp [NYSE: VLTO] stock has seen the most recent analyst activity on February 27, 2024, when BMO Capital Markets initiated its Outperform rating and assigned the stock a price target of $97. Previously, Deutsche Bank started tracking the stock with Hold rating on January 10, 2024, and set its price target to $79. On January 09, 2024, Argus initiated with a Buy rating and assigned a price target of $90 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Stifel initiated its recommendation with a Buy and recommended $82 as its price target on November 30, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on November 03, 2023, and assigned it a price target of $78. In a note dated October 16, 2023, Vertical Research upgraded an Buy rating on this stock but restated the target price of $82.
Veralto Corp [VLTO] stock has fluctuated between $65.51 and $89.62 over the past year. Currently, Wall Street analysts expect the stock to reach $78 within the next 12 months. Veralto Corp [NYSE: VLTO] shares were valued at $89.32 at the most recent close of the market. An investor can expect a potential drop of -12.67% based on the average VLTO price forecast.
Analyzing the VLTO fundamentals
Veralto Corp [NYSE:VLTO] reported sales of 5.02B for the trailing twelve months, which represents a growth of 3.21%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.49 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.92.
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 88.82 points at the first support level, and at 88.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.18, and for the 2nd resistance point, it is at 91.05.
Veralto Corp [VLTO] reported earnings per share of $0.87 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 $0.81/share, meaning a difference of $0.06 and a surprise factor of 7.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.75 per share as compared to estimates of $0.7 per share, a difference of $0.05 representing a surprise of 7.10%.
Ratios To Look Out For
For context, Veralto Corp’s Current Ratio is 1.64. On the other hand, the Quick Ratio is 1.40, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 4.38, the price to book ratio is 15.91 and price to earnings (TTM) ratio is 26.21.
Transactions by insiders
Recent insider trading involved Bystrom Mattias, Group Executive, Product ID, that happened on Feb 16 ’24 when 500.0 shares were sold. Director, MITTS HEATH A completed a deal on Feb 02 ’24 to buy 9.0 shares. Meanwhile, VP, Group Exec Water Quality Aquino Melissa sold 199.0 shares on Nov 01 ’23.
