Bausch + Lomb Corp (BLCO) stock expected to gain 8.62% in the coming months

Bausch + Lomb Corp [BLCO] stock prices are up 2.99% to $20.65 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BLCO shares have gain 4.98% over the last week, with a monthly amount glided 3.25%, 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 December 02, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $19 for it. Previously, Evercore ISI upgraded its rating to Outperform on October 15, 2024, and elevated its price target to $25. On July 10, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $19 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $18 on May 06, 2024. Evercore ISI downgraded its rating to a In-line and reduced its price target to $17 on January 04, 2024. Stifel started tracking with a Hold rating for this stock on December 12, 2023, and assigned it a price target of $16.

The stock price of Bausch + Lomb Corp [BLCO] has been fluctuating between $13.16 and $21.69 over the past year. Currently, Wall Street analysts expect the stock to reach $22.43 within the next 12 months. Bausch + Lomb Corp [NYSE: BLCO] shares were valued at $20.65 at the most recent close of the market. An investor can expect a potential return of 8.62% based on the average BLCO price forecast.

Analyzing the BLCO fundamentals

The Bausch + Lomb Corp [NYSE:BLCO] reported sales of 4.68B for trailing twelve months, representing a surge of 18.77%. Gross Profit Margin for this corporation currently stands at 0.56% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.

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 20.20 points at the first support level, and at 19.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.91, and for the 2nd resistance point, it is at 21.16.

Ratios To Look Out For

It’s worth pointing out that Bausch + Lomb Corp [NYSE:BLCO]’s Current Ratio is 1.57. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 1.55, the price to book ratio is 1.10.