At the time of writing, Veralto Corp [VLTO] stock is trading at $104.12, up 2.09%. 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 lost -2.75% over the last week, with a monthly amount glided 8.57%, 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 June 17, 2024, when TD Cowen initiated its Hold rating and assigned the stock a price target of $95. Previously, Goldman started tracking the stock with Buy rating on March 22, 2024, and set its price target to $104. On March 12, 2024, Exane BNP Paribas initiated with a Outperform rating and assigned a price target of $103 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $97 on February 27, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $79 as its price target on January 10, 2024. Argus started tracking with a Buy rating for this stock on January 09, 2024, and assigned it a price target of $90. In a note dated December 13, 2023, Wolfe Research initiated an Peer Perform rating.
For the past year, the stock price of Veralto Corp fluctuated between $65.51 and $107.86. Currently, Wall Street analysts expect the stock to reach $111.33 within the next 12 months. Veralto Corp [NYSE: VLTO] shares were valued at $104.12 at the most recent close of the market. An investor can expect a potential return of 6.92% based on the average VLTO price forecast.
Analyzing the VLTO fundamentals
According to Veralto Corp [NYSE:VLTO], the company’s sales were 5.08B for trailing twelve months, which represents an 2.79% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.57 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.57.
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 102.24 points at the first support level, and at 100.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.51, and for the 2nd resistance point, it is at 106.91.
Ratios To Look Out For
It is important to note that Veralto Corp [NYSE:VLTO] has a current ratio of 1.96. Further, the Quick Ratio stands at 1.70, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 5.07, the price to book ratio is 15.44 and price to earnings (TTM) ratio is 32.56.
Transactions by insiders
Recent insider trading involved Trivedi Surekha, Officer, that happened on Aug 01 ’24 when 753.0 shares were purchased. SVP, Strategy & Sustainability, Trivedi Surekha completed a deal on Aug 01 ’24 to sell 753.0 shares. Meanwhile, Officer Honeycutt Jennifer bought 13191.0 shares on Jul 30 ’24.
