At the time of writing, Bausch + Lomb Corp [BLCO] stock is trading at $19.96, down -0.20%. 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 BLCO shares have gain 28.36% over the last week, with a monthly amount glided 23.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bausch + Lomb Corp [NYSE: BLCO] stock has seen the most recent analyst activity on July 10, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $19. Previously, Morgan Stanley upgraded its rating to Overweight on May 06, 2024, and elevated its price target to $18. On January 04, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $17 on the stock. Stifel started tracking the stock assigning a Hold rating and suggested a price target of $16 on December 12, 2023. In a note dated March 09, 2023, Needham initiated an Hold rating.
For the past year, the stock price of Bausch + Lomb Corp fluctuated between $13.16 and $21.00. Currently, Wall Street analysts expect the stock to reach $20.6 within the next 12 months. Bausch + Lomb Corp [NYSE: BLCO] shares were valued at $19.96 at the most recent close of the market. An investor can expect a potential return of 3.21% based on the average BLCO price forecast.
Analyzing the BLCO fundamentals
According to Bausch + Lomb Corp [NYSE:BLCO], the company’s sales were 4.50B for trailing twelve months, which represents an 17.49% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 19.72 points at the first support level, and at 19.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.15, and for the 2nd resistance point, it is at 20.34.
Ratios To Look Out For
It is important to note that Bausch + Lomb Corp [NYSE:BLCO] has a current ratio of 1.65. Further, the Quick Ratio stands at 1.01, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 1.08.
Transactions by insiders
Recent insider trading involved SAUNDERS BRENT L, CEO and Chairman of the Board, that happened on Aug 05 ’24 when 32250.0 shares were purchased.
