Stifel Nicolaus Issues Pessimistic Forecast for Veralto (NYSE:VLTO) Stock Price

Veralto (NYSE:VLTO) had its price target decreased by stock analysts at Stifel Nicolaus from $116.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.26% from the company’s current price.

VLTO has been the topic of a number of other research reports. Citigroup dropped their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus target price of $112.55.

Veralto Stock Up 0.4 %

VLTO stock opened at $98.87 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. The firm’s fifty day simple moving average is $103.10 and its 200-day simple moving average is $106.25. Veralto has a 12 month low of $81.23 and a 12 month high of $115.00. The company has a market capitalization of $24.45 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 52.85% and a net margin of 15.69%. As a group, equities research analysts forecast that Veralto will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLTO. Ashton Thomas Securities LLC acquired a new position in shares of Veralto during the third quarter worth $25,000. OFI Invest Asset Management acquired a new position in Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department purchased a new position in Veralto in the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. raised its holdings in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. Finally, Albion Financial Group UT lifted its position in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

About Veralto

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.