At the time of writing, Bausch + Lomb Corp [BLCO] stock is trading at $15.80, down -0.38%. 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 BLCO shares have lost -0.57% over the last week, with a monthly amount drifted -9.25%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bausch + Lomb Corp [NYSE: BLCO] stock has seen the most recent analyst activity on December 11, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $22 from $24. Previously, Morgan Stanley downgraded its rating to Equal-Weight on December 02, 2024, and kept the price target unchanged to $19. On October 15, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $25 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $19 on July 10, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $18 on May 06, 2024. Evercore ISI downgraded its rating to In-line for this stock on January 04, 2024, and downed its price target to $17. In a note dated December 12, 2023, Stifel initiated an Hold rating and provided a target price of $16 on this stock.
For the past year, the stock price of Bausch + Lomb Corp fluctuated between $13.16 and $21.69. 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 $15.80 at the most recent close of the market. An investor can expect a potential return of 41.96% based on the average BLCO price forecast.
Analyzing the BLCO fundamentals
According to Bausch + Lomb Corp [NYSE:BLCO], the company’s sales were 4.79B for trailing twelve months, which represents an 9.12% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
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 15.64 points at the first support level, and at 15.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.96, and for the 2nd resistance point, it is at 16.12.
Ratios To Look Out For
It is important to note that Bausch + Lomb Corp [NYSE:BLCO] has a current ratio of 1.60. Further, the Quick Ratio stands at 1.01, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 0.86.
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.
