A share price of Bausch + Lomb Corp [BLCO] is currently trading at $20.28, down -0.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BLCO shares have gain 0.50% over the last week, with a monthly amount glided 6.40%, 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 October 15, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $25 from $19. Previously, Raymond James started tracking the stock with Outperform rating on July 10, 2024, and set its price target to $19. On May 06, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $18 on the stock. Evercore ISI downgraded its rating to a In-line and decreased its price target to $17 on January 04, 2024. Stifel initiated its recommendation with a Hold and recommended $16 as its price target on December 12, 2023.
Bausch + Lomb Corp experienced fluctuations in its stock price throughout the past year between $13.16 and $21.69. Currently, Wall Street analysts expect the stock to reach $22.29 within the next 12 months. Bausch + Lomb Corp [NYSE: BLCO] shares were valued at $20.28 at the most recent close of the market. An investor can expect a potential return of 9.91% based on the average BLCO price forecast.
Analyzing the BLCO fundamentals
Trailing Twelve Months sales for Bausch + Lomb Corp [NYSE:BLCO] were 4.68B which represents 18.77% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.06%, 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 -0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 20.05 points at the first support level, and at 19.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.57, and for the 2nd resistance point, it is at 20.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bausch + Lomb Corp [NYSE:BLCO] is 1.65. As well, the Quick Ratio is 1.01, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 1.10.
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.
