Veralto Corp [VLTO] stock prices are up 2.85% to $89.86 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VLTO shares have gain 2.50% over the last week, with a monthly amount glided 1.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veralto Corp [NYSE: VLTO] stock has seen the most recent analyst activity on March 22, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $104. Previously, Exane BNP Paribas started tracking the stock with Outperform rating on March 12, 2024, and set its price target to $103. On February 27, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $97 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $79 on January 10, 2024. Argus initiated its recommendation with a Buy and recommended $90 as its price target on January 09, 2024. In a note dated November 30, 2023, Stifel initiated an Buy rating and provided a target price of $82 on this stock.
The stock price of Veralto Corp [VLTO] has been fluctuating between $65.51 and $90.69 over the past year. Currently, Wall Street analysts expect the stock to reach $91 within the next 12 months. Veralto Corp [NYSE: VLTO] shares were valued at $89.86 at the most recent close of the market. An investor can expect a potential return of 1.27% based on the average VLTO price forecast.
Analyzing the VLTO fundamentals
The Veralto Corp [NYSE:VLTO] reported sales of 5.02B for trailing twelve months, representing a surge 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 88.63 points at the first support level, and at 87.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.93, and for the 2nd resistance point, it is at 92.00.
Ratios To Look Out For
It’s worth pointing out that Veralto Corp [NYSE:VLTO]’s Current Ratio is 1.64. Further, the Quick Ratio stands at 1.40, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 4.41, the price to book ratio is 16.01 and price to earnings (TTM) ratio is 26.37.
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.
