The price-to-earnings ratio for Veralto Corp (NYSE: VLTO) is above average at 29.19x, Analysts have differing opinions 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 236.69M, and currently, short sellers hold a 0.72% ratio of that floaft. The average trading volume of VLTO on May 02, 2024 was 1.71M shares.
VLTO) stock’s latest price update
Veralto Corp (NYSE: VLTO)’s stock price has plunge by 0.75relation to previous closing price of 93.68. Nevertheless, the company has seen a 2.14% surge 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
VLTO’s stock has risen by 2.14% in the past week, with a monthly rise of 9.01% and a quarterly rise of 23.07%. The volatility ratio for the week is 2.19% while the volatility levels for the last 30 days are 2.43% for Veralto Corp The simple moving average for the past 20 days is 4.65% for VLTO’s stock, with a 17.29% simple moving average for the past 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 6.28% 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 -1.23% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.04% upper at present.
During the last 5 trading sessions, VLTO rose by +2.14%, in comparison to the 20-day moving average, which settled at $90.54. In addition, Veralto Corp saw 14.73% 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 Aquino Melissa, who sale 8,041 shares at the price of $93.56 back on Apr 26 ’24. After this action, Aquino Melissa now owns 20,761 shares of Veralto Corp, valued at $752,316 using the latest closing price.
Bystrom Mattias, the Group Executive, Product ID of Veralto Corp, sale 500 shares at $86.10 during a trade that took place back on Feb 16 ’24, which means that Bystrom Mattias is holding 30,310 shares at $43,050 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
- 0.58 for the gross margin
The net margin for Veralto Corp stands at 0.16. The total capital return value is set at 0.25. Equity return is now at value 33.08, with 15.12 for asset returns.
Based on Veralto Corp (VLTO), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 1.77. The interest coverage ratio of the stock is 8.71.
Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 4.98. The receivables turnover for the company is 6.19for 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 1.83.
Conclusion
In a nutshell, Veralto Corp (VLTO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
