Alcon Inc. [ALC] stock prices are up 0.42% to $98.77 at the moment. 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 2.19% over the last week, with a monthly amount glided 3.75%, 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 September 10, 2024, when RBC Capital Mkts upgraded its rating to a Outperform. Previously, Morgan Stanley upgraded its rating to Equal-Weight on July 15, 2024, and elevated its price target to $85. On May 15, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $103 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $100 on April 10, 2024. RBC Capital Mkts initiated its recommendation with a Sector Perform. In a note dated January 23, 2024, Bernstein initiated an Outperform rating and provided a target price of $94.40 on this stock.
The stock price of Alcon Inc. [ALC] has been fluctuating between $69.44 and $101.10 over the past year. Currently, Wall Street analysts expect the stock to reach $93.34 within the next 12 months. Alcon Inc. [NYSE: ALC] shares were valued at $98.77 at the most recent close of the market. An investor can expect a potential drop of -5.5% based on the average ALC price forecast.
Analyzing the ALC fundamentals
The Alcon Inc. [NYSE:ALC] reported sales of 9.64B for trailing twelve months, representing a surge of 3.06%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.11%, 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 0.23.
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 98.39 points at the first support level, and at 98.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.13, and for the 2nd resistance point, it is at 99.50.
Ratios To Look Out For
It’s worth pointing out that Alcon Inc. [NYSE:ALC]’s Current Ratio is 2.56. Further, the Quick Ratio stands at 1.56, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 5.06, the price to book ratio is 2.33 and price to earnings (TTM) ratio is 44.39.
Transactions by insiders
Recent insider trading involved Endicott David J., Officer, that happened on Sep 12 ’24 when 0.11 million shares were purchased. Officer, Bell Ian completed a deal on Sep 12 ’24 to buy 10000.0 shares. Meanwhile, Officer Narayanan Rajkumar bought 4622.0 shares on Sep 09 ’24.
