Alcon Inc. (NYSE: ALC) is 14.75% higher on its value in year-to-date trading and has touched a low of $55.21 and a high of $82.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALC stock was last observed hovering at around $81.72 in the last trading session, with the day’s loss setting it -3.06% off its average median price target of $91.42 for the next 12 months. It is also 21.68% off the consensus price target high of $100.43 offered by 27 analysts, but current levels are 1.43% higher than the price target low of $79.80 for the same period.
Currently trading at $78.66, the stock is 3.13% and 9.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -3.74% at the moment leaves the stock 14.88% off its SMA200. ALC registered 8.23% gain for a year compared to 6-month gain of 19.73%. The firm has a 50-day simple moving average (SMA 50) of $4.86 and a 200-day simple moving average (SMA200) of $68.65.
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The stock witnessed a 7.33% loss in the last 1 month and extending the period to 3 months gives it a 9.11%, and is -2.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.58% over the month.
Alcon Inc. (ALC) has around 25000 employees, a market worth around $38.68B and $8.88B in sales. Current P/E ratio is 114.00 and Fwd P/E is 25.54. Distance from 52-week low is 42.47% and -4.17% from its 52-week high.
Alcon Inc. (ALC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alcon Inc. (ALC) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.00, where 8 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alcon Inc. is expected to release its quarterly report on 08/15/2023.The EPS is expected to grow by 18.70% this year.
Alcon Inc. (ALC) Top Institutional Holders
The shares outstanding are 491.80M, and Short Float at -.
Alcon Inc. (ALC) Insider Activity
A total of 1 insider transactions have happened at Alcon Inc. (ALC) in the last six months, with sales accounting for 0 and purchases happening 1 times.