Currently, Veralto Corp [VLTO] is trading at $105.11, up 1.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VLTO shares have gain 0.26% over the last week, with a monthly amount drifted -5.98%, and not 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.
This stock has fluctuated between a low of $70.47 and a high of $115.00 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $111.67 within the next 12 months. Veralto Corp [NYSE: VLTO] shares were valued at $105.11 at the most recent close of the market. An investor can expect a potential return of 6.24% based on the average VLTO price forecast.
Analyzing the VLTO fundamentals
Trailing Twelve Months sales for Veralto Corp [NYSE:VLTO] were 5.14B which represents 4.70% growth. 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 0.5 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 1.35.
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 103.84 points at the first support level, and at 102.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.80, and for the 2nd resistance point, it is at 106.49.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Veralto Corp [NYSE:VLTO] is 2.13. Also, the Quick Ratio is 1.87, while the Cash Ratio stands at 1.03. Considering the valuation of this stock, the price to sales ratio is 5.06, the price to book ratio is 13.30 and price to earnings (TTM) ratio is 32.43.
Transactions by insiders
Recent insider trading involved Trivedi Surekha, SVP, Strategy & Sustainability, that happened on Nov 01 ’24 when 752.0 shares were sold. Officer, Trivedi Surekha completed a deal on Nov 01 ’24 to buy 752.0 shares. Meanwhile, SVP, Strategy & Sustainability Trivedi Surekha sold 753.0 shares on Oct 01 ’24.
