Veralto Corp (VLTO) Stock: A Look at the Analyst Recommendations

Veralto Corp (NYSE: VLTO) has a higher price-to-earnings ratio of 25.43x compared to its average ratio. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for VLTO is 236.35M, and currently, short sellers hold a 0.68% ratio of that float. The average trading volume of VLTO on April 03, 2024 was 1.49M shares.

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VLTO) stock’s latest price update

Veralto Corp (NYSE: VLTO)’s stock price has plunge by 0.08relation to previous closing price of 86.58. Nevertheless, the company has seen a -2.92% plunge in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-03 that WALTHAM, Mass., April 3, 2024 /PRNewswire/ — Veralto Corporation (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced that it will webcast its quarterly earnings conference call for the first quarter 2024 on Wednesday, April 24, 2024, beginning at 8:30 a.m.

VLTO’s Market Performance

Veralto Corp (VLTO) has experienced a -2.92% fall in stock performance for the past week, with a -1.24% drop in the past month, and a 6.95% rise in the past quarter. The volatility ratio for the week is 1.42%, and the volatility levels for the past 30 days are at 1.66% for VLTO. The simple moving average for the last 20 days is -2.10% for VLTO stock, with a simple moving average of 9.74% for the last 200 days.

Analysts’ Opinion of VLTO

Many brokerage firms have already submitted their reports for VLTO stocks, with Goldman repeating the rating for VLTO by listing it as a “Buy.” The predicted price for VLTO in the upcoming period, according to Goldman is $104 based on the research report published on March 22, 2024 of the current year 2024.

Exane BNP Paribas, on the other hand, stated in their research note that they expect to see VLTO reach a price target of $103. The rating they have provided for VLTO stocks is “Outperform” according to the report published on March 12th, 2024.

BMO Capital Markets gave a rating of “Outperform” to VLTO, setting the target price at $97 in the report published on February 27th of the current year.

VLTO Trading at 2.34% from the 50-Day Moving Average

After a stumble in the market that brought VLTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.45% of loss for the given period.

Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.27% upper at present.

During the last 5 trading sessions, VLTO fell by -3.34%, in comparison to the 20-day moving average, which settled at $88.39. In addition, Veralto Corp saw 5.34% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VLTO starting from Bystrom Mattias, who sale 500 shares at the price of $86.10 back on Feb 16 ’24. After this action, Bystrom Mattias now owns 30,310 shares of Veralto Corp, valued at $43,050 using the latest closing price.

MITTS HEATH A, the Director of Veralto Corp, purchase 9 shares at $76.46 during a trade that took place back on Feb 02 ’24, which means that MITTS HEATH A is holding 831 shares at $688 based on the most recent closing price.

Stock Fundamentals for VLTO

Current profitability levels for the company are sitting at:

  • 0.23 for the present operating margin
  • 0.57 for the gross margin

The net margin for Veralto Corp stands at 0.17. The total capital return value is set at 0.26. Equity return is now at value 36.34, with 15.95 for asset returns.

Based on Veralto Corp (VLTO), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.92. The interest coverage ratio of the stock is 38.0.

Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.68. The receivables turnover for the company is 6.08for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.

Conclusion

To put it simply, Veralto Corp (VLTO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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