At the time of writing, Veralto Corp [VLTO] stock is trading at $110.85, up 0.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The VLTO shares have lost -0.27% over the last week, with a monthly amount glided 8.69%, 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 August 13, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $118. Previously, TD Cowen started tracking the stock with Hold rating on June 17, 2024, and set its price target to $95. On March 22, 2024, Goldman initiated with a Buy rating and assigned a price target of $104 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $103 on March 12, 2024. BMO Capital Markets initiated its recommendation with a Outperform and recommended $97 as its price target on February 27, 2024. Deutsche Bank started tracking with a Hold rating for this stock on January 10, 2024, and assigned it a price target of $79. In a note dated January 09, 2024, Argus initiated an Buy rating and provided a target price of $90 on this stock.
For the past year, the stock price of Veralto Corp fluctuated between $65.51 and $112.77. Currently, Wall Street analysts expect the stock to reach $111.33 within the next 12 months. Veralto Corp [NYSE: VLTO] shares were valued at $110.85 at the most recent close of the market. An investor can expect a potential return of 0.43% 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 110.13 points at the first support level, and at 109.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.58, and for the 2nd resistance point, it is at 112.32.
Ratios To Look Out For
It is important to note that Veralto Corp [NYSE:VLTO] has a current ratio of 1.96. On the other hand, the Quick Ratio is 1.70, and the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 5.40, the price to book ratio is 16.44 and price to earnings (TTM) ratio is 34.66.
Transactions by insiders
Recent insider trading involved Trivedi Surekha, SVP, Strategy & Sustainability, that happened on Sep 03 ’24 when 753.0 shares were sold. President and CEO, Honeycutt Jennifer completed a deal on Aug 30 ’24 to sell 13191.0 shares. Meanwhile, Officer Trivedi Surekha bought 753.0 shares on Sep 03 ’24.
