The stock price of Veralto Corp (NYSE: VLTO) has surged by 0.41 when compared to previous closing price of 111.15, but the company has seen a 1.62% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-26 that Veralto Corporation (NYSE:VLTO ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Ryan Taylor – VP, IR Jennifer Honeycutt – President & CEO Sameer Ralhan – SVP & CFO Conference Call Participants Scott Davis – Melius Research Deane Dray – RBC Capital Markets Andrew Kaplowitz – Citigroup John McNulty – BMO Capital Markets Mike Halloran – Baird Brian Lee – Goldman Sachs Brad Hewitt – Wolfe Research Nathan Jones – Stifel Andrew Krill – Deutsche Bank Andrew Buscaglia – BNP Paribas Joe Giordano – TD Cowen Operator My name is Leo, and I will be your conference operator this morning. At this time, I would like to welcome everyone to Veralto Corporation’s Second Quarter 2024 Conference Call.
Is It Worth Investing in Veralto Corp (NYSE: VLTO) Right Now?
Veralto Corp (NYSE: VLTO) has a higher price-to-earnings ratio of 34.90x compared to its average ratio. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for VLTO is 236.92M, and currently, short sellers hold a 1.04% ratio of that float. The average trading volume of VLTO on August 28, 2024 was 1.51M shares.
VLTO’s Market Performance
VLTO’s stock has seen a 1.62% increase for the week, with a 4.24% rise in the past month and a 13.25% gain in the past quarter. The volatility ratio for the week is 1.02%, and the volatility levels for the past 30 days are at 1.65% for Veralto Corp The simple moving average for the last 20 days is 3.52% for VLTO stock, with a simple moving average of 24.11% for the last 200 days.
Analysts’ Opinion of VLTO
Many brokerage firms have already submitted their reports for VLTO stocks, with UBS repeating the rating for VLTO by listing it as a “Neutral.” The predicted price for VLTO in the upcoming period, according to UBS is $118 based on the research report published on August 13, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see VLTO reach a price target of $95. The rating they have provided for VLTO stocks is “Hold” according to the report published on June 17th, 2024.
Goldman gave a rating of “Buy” to VLTO, setting the target price at $104 in the report published on March 22nd of the current year.
VLTO Trading at 9.00% 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 -0.55% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.02%, as shares surge +4.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.79% upper at present.
During the last 5 trading sessions, VLTO rose by +1.46%, which changed the moving average for the period of 200-days by +60.02% in comparison to the 20-day moving average, which settled at $108.05. In addition, Veralto Corp saw 35.67% 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 Trivedi Surekha, who sale 7,399 shares at the price of $110.00 back on Aug 21 ’24. After this action, Trivedi Surekha now owns 12,671 shares of Veralto Corp, valued at $813,890 using the latest closing price.
Trivedi Surekha, the Officer of Veralto Corp, proposed sale 7,399 shares at $110.00 during a trade that took place back on Aug 21 ’24, which means that Trivedi Surekha is holding shares at $813,890 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
- 0.59 for the gross margin
The net margin for Veralto Corp stands at 0.16. The total capital return value is set at 0.24. Equity return is now at value 32.02, with 14.82 for asset returns.
Based on Veralto Corp (VLTO), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 1.57. The interest coverage ratio of the stock is 41.11.
Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at 1.31. When we switch over and look at the enterprise to sales, we see a ratio of 5.73. The receivables turnover for the company is 6.32for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.96.
Conclusion
To put it simply, Veralto Corp (VLTO) has had a better 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.
