Alcon Inc [ALC] stock is trading at $84.74, down -0.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALC shares have lost -2.11% over the last week, with a monthly amount drifted -1.25%, and not 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 December 17, 2024, when Needham reiterated its Buy rating and also boosted its price target to $108 from $103. Previously, Needham reaffirmed its Buy rating on November 12, 2024. On October 10, 2024, upgrade upgraded it’s rating to Neutral. RBC Capital Mkts upgraded its rating to a Outperform. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $85 on July 15, 2024. Oppenheimer upgraded its rating to Outperform for this stock on May 15, 2024, but kept the price target unchanged to $103. In a note dated April 10, 2024, Goldman initiated an Buy rating and provided a target price of $100 on this stock.
Alcon Inc [ALC] stock has fluctuated between $74.30 and $101.10 over the past year. Currently, Wall Street analysts expect the stock to reach $104 within the next 12 months. Alcon Inc [NYSE: ALC] shares were valued at $84.74 at the most recent close of the market. An investor can expect a potential return of 22.73% based on the average ALC price forecast.
Analyzing the ALC fundamentals
Alcon Inc [NYSE:ALC] reported sales of 9.76B for the trailing twelve months, which represents a growth of 5.37%. 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 0.12%.
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 84.09 points at the first support level, and at 83.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.95, and for the 2nd resistance point, it is at 87.15.
Ratios To Look Out For
For context, Alcon Inc’s Current Ratio is 2.57. On the other hand, the Quick Ratio is 1.60. Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 36.18.
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.
