Are Organon & Co. (OGN) stocks a prudent buy?

Organon & Co. [OGN] stock is trading at $17.82, down -0.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The OGN shares have gain 2.12% over the last week, with a monthly amount drifted -1.82%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Organon & Co. [NYSE: OGN] stock has seen the most recent analyst activity on November 03, 2023, when Goldman downgraded its rating to a Neutral and also revised its price target to $16 from $33. Previously, Barclays started tracking the stock with Overweight rating on September 21, 2023, and set its price target to $28. On March 16, 2023, Raymond James initiated with a Outperform rating and assigned a price target of $33 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $25 on October 14, 2022. Piper Sandler upgraded its rating to a Overweight and reduced its price target to $34 on September 06, 2022. BofA Securities downgraded its rating to Neutral for this stock on August 05, 2022, and downed its price target to $37. In a note dated April 27, 2022, Goldman initiated an Buy rating and provided a target price of $40 on this stock.

Organon & Co. [OGN] stock has fluctuated between $10.84 and $24.79 over the past year. Currently, Wall Street analysts expect the stock to reach $34 within the next 12 months. Organon & Co. [NYSE: OGN] shares were valued at $17.82 at the most recent close of the market. An investor can expect a potential return of 90.8% based on the average OGN price forecast.

Analyzing the OGN fundamentals

Organon & Co. [NYSE:OGN] reported sales of 6.26B for the trailing twelve months, which represents a growth of 7.61%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is -2.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -125.14.

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 17.46 points at the first support level, and at 17.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.10, and for the 2nd resistance point, it is at 18.39.

Ratios To Look Out For

For context, Organon & Co.’s Current Ratio is 1.54. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.73 and price to earnings (TTM) ratio is 4.47.

Transactions by insiders

Recent insider trading involved Weaver Kirke, Gen. Counsel & Corp. Secy., that happened on Feb 22 ’24 when 2720.0 shares were purchased.

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