Analysts Split on Bausch + Lomb’s Stock Movements
In recent trading, shares of Bausch + Lomb Corporation (Symbol: BLCO) have crossed above the average analyst 12-month target price of $20.38, changing hands for $20.87/share. Investors often wonder how analysts will respond when a stock hits a target price: will they downgrade their assessment, or raise their expectations? The decision can depend on recent developments within the company that may signal an upward trend in its future prospects.
Analyst Targets Show Mixed Perspectives
There are 13 different analyst targets within the Zacks coverage universe contributing to that average for Bausch + Lomb Corporation. However, this average encompasses various opinions. For instance, while one analyst predicts a price of $18.00, another is confident enough to set a target as high as $25.00. The standard deviation across these predictions stands at $2.364, indicating a notable level of disagreement among experts.
Understanding the Collective Insight of Analysts
The concept of an average price target reflects the “wisdom of crowds,” combining insights from different analysts instead of relying on just one opinion. Now that BLCO shares are exceeding the average target price of $20.38/share, investors may want to reassess the company’s prospects. They must consider whether this price is simply a checkpoint on the way to higher valuations, or if it signals that shares are becoming overvalued. Below is a table illustrating the current ratings from analysts covering Bausch + Lomb Corporation:
| Recent BLCO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 7 | 7 | 7 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 6 | 6 | 6 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 1.93 | 1.93 | 1.93 |
The average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. Data for this article was sourced from Zacks Investment Research via Quandl.com. Stay updated with the latest Zacks research report on BLCO — it’s available for free.
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Additional Resources:
– Funds Holding FXN
– GIAC market cap history
– PSXP Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
