Last Updated: 18 Sep 2024
Executive Summary
Veralto Corporation (VLTO) is a leading provider of water supply services. The company has a strong financial profile, with a market capitalization of $26.9 billion, EBITDA of $1.24 billion, and EPS of $3.2. VLTO's stock price is currently trading at $108.11, which is below its 52-week high of $112.77. The company's fundamentals are strong, with a P/E ratio of 34.04, a PEG ratio of none, and a dividend yield of 0.0033. The technical analysis of VLTO's stock price suggests that the stock is in a downtrend, but the long-term outlook for the company is positive.
Company Overview
Veralto Corporation is a provider of water supply services. The company offers a range of services, including water treatment, water distribution, and wastewater treatment. VLTO operates in the United States, Canada, and Europe. The company's customers include municipalities, industrial businesses, and residential customers.
Fundamental Analysis
VLTO's financial performance has been strong in recent years. The company's revenue has grown from $4.5 billion in 2021 to $5.1 billion in 2023. The company's EBITDA has also grown from $1.0 billion in 2021 to $1.24 billion in 2023. VLTO's EPS has grown from $2.8 in 2021 to $3.2 in 2023.
The company's financial ratios are also strong. VLTO's P/E ratio of 34.04 is in line with the industry average. The company's PEG ratio of none indicates that the stock is fairly valued. VLTO's dividend yield of 0.0033 is below the industry average.
Technical Analysis
The technical analysis of VLTO's stock price suggests that the stock is in a downtrend. The stock price has been declining since its 52-week high of $112.77. The stock price is currently trading below its 50-day moving average and its 200-day moving average. The relative strength index (RSI) is below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for VLTO's stock price is negative. The stock price is in a downtrend and the technical indicators are bearish. The stock price is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for VLTO's stock price is positive. The company has a strong financial profile and the water supply industry is expected to grow in the coming years. The stock price is likely to recover from its recent decline and reach new highs in the long term.
Analyst Recommendations
The majority of analysts have a buy rating on VLTO's stock. The average analyst target price is $111.95.
