At the time of writing, Alcon Inc. [ALC] stock is trading at $96.50, up 0.25%. 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 gain 3.81% over the last week, with a monthly amount glided 6.28%, and 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 July 15, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $85 from $65. Previously, Oppenheimer upgraded its rating to Outperform on May 15, 2024, and kept the price target unchanged to $103. On April 10, 2024, Goldman initiated with a Buy rating and assigned a price target of $100 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating. Bernstein started tracking with a Outperform rating for this stock on January 23, 2024, and assigned it a price target of $94.40. In a note dated December 18, 2023, Redburn Atlantic downgraded an Sell rating on this stock.
For the past year, the stock price of Alcon Inc. fluctuated between $69.44 and $96.38. Currently, Wall Street analysts expect the stock to reach $91.84 within the next 12 months. Alcon Inc. [NYSE: ALC] shares were valued at $96.50 at the most recent close of the market. An investor can expect a potential drop of -4.83% based on the average ALC price forecast.
Analyzing the ALC fundamentals
According to Alcon Inc. [NYSE:ALC], the company’s sales were 9.56B for trailing twelve months, which represents an 4.55% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
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 95.97 points at the first support level, and at 95.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.96, and for the 2nd resistance point, it is at 97.42.
Ratios To Look Out For
It is important to note that Alcon Inc. [NYSE:ALC] has a current ratio of 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 4.98, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 45.58.
