Alcon Inc. [ALC] stock is trading at $88.68, down -0.35%. 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 ALC shares have lost -0.12% over the last week, with a monthly amount drifted -2.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alcon Inc. [NYSE: ALC] stock has seen the most recent analyst activity on May 15, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $103 for it. Previously, Goldman started tracking the stock with Buy rating on April 10, 2024, and set its price target to $100. On March 14, 2024, RBC Capital Mkts initiated with a Sector Perform rating. Bernstein initiated its recommendation with a Outperform and recommended $94.40 as its price target on January 23, 2024. Redburn Atlantic downgraded its rating to Sell for this stock on December 18, 2023. In a note dated December 12, 2023, Stifel initiated an Buy rating and provided a target price of $85 on this stock.
Alcon Inc. [ALC] stock has fluctuated between $69.44 and $92.65 over the past year. Currently, Wall Street analysts expect the stock to reach $92.2 within the next 12 months. Alcon Inc. [NYSE: ALC] shares were valued at $88.68 at the most recent close of the market. An investor can expect a potential return of 3.97% based on the average ALC price forecast.
Analyzing the ALC fundamentals
Alcon Inc. [NYSE:ALC] reported sales of 9.56B for the trailing twelve months, which represents a growth of 4.55%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, 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 0.24.
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 88.05 points at the first support level, and at 87.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.04, and for the 2nd resistance point, it is at 89.41.
Ratios To Look Out For
For context, Alcon Inc.’s Current Ratio is 2.51. Further, the Quick Ratio stands at 1.49, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 4.57, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 41.89.
