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NYSE:ALC

Alcon (ALC) Stock Price, News & Analysis

$96.65
-0.51 (-0.52%)
(As of 09/18/2024 ET)

About Alcon Stock (NYSE:ALC)

Key Stats

Today's Range
$96.36
$97.58
50-Day Range
$89.61
$100.77
52-Week Range
$69.44
$101.10
Volume
726,886 shs
Average Volume
869,658 shs
Market Capitalization
$47.66 billion
P/E Ratio
45.81
Dividend Yield
0.27%
Price Target
$99.74
Consensus Rating
Moderate Buy

Company Overview

Alcon Inc. researches, develops, manufactures, distributes, and sells eye care products for eye care professionals and their patients worldwide. The company's Surgical segment offers equipment, instrumentation and diagnostics, intraocular lenses (IOLs), and other implantables; and consumables, including viscoelastics, surgical solutions, incisional instruments, surgical custom packs, and other products for surgical procedures. Its cataract products include Centurion vision system, LenSx laser system, ARGOS biometer, LuxOR surgical ophthalmic microscope, SMARTCATARACT health platform, NGENUITY 3D visualization system, Verion reference unit and Verion digital marker, and ORA system for intra-operative measurements; custom pak surgical procedure packs; vitreoretinal products comprising constellation vision systems, procedure packs, lasers and hand-held microsurgical instruments, and grieshaber and MIVS instruments, as well as scissors, forceps and micro-instruments, medical grade vitreous tamponades, and Hypervit vitrectomy probes; refractive surgery products, including WaveLight lasers and Contoura Vision used for LASIK treatment; EX-PRESS glaucoma filtration device; and implantable products, including AcrySof IQ products, such as monofocal IOLs and advanced technology IOLs for the correction of presbyopia and astigmatism at the time of cataract surgery. Its Vision Care segment provides daily disposable, reusable, and color-enhancing contact lenses; ocular health products, such as dry eye, glaucoma, contact lens care, and ocular allergies; and ocular vitamins and redness relievers. The company was formerly known as Alcon Universal S.A. and changed its name to Alcon Inc. in December 2001. Alcon Inc. was founded in 1945 and is headquartered in Geneva, Switzerland.

Alcon Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 61st Percentile

Alcon scored higher than 61% of companies evaluated by MarketBeat, and ranked 464th out of 1,017 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Alcon has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 13 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Alcon has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Alcon's stock forecast and price target.
  • Earnings Growth

    Earnings for Alcon are expected to grow by 14.90% in the coming year, from $3.02 to $3.47 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Alcon is 45.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.53.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Alcon is 45.81, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 146.89.

  • Price to Earnings Growth Ratio

    Alcon has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Alcon has a P/B Ratio of 2.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Alcon's valuation and earnings.
  • Percentage of Shares Shorted

    0.61% of the float of Alcon has been sold short.
  • Short Interest Ratio / Days to Cover

    Alcon has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Alcon has recently increased by 6.41%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Alcon has a dividend yield of 0.27%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Alcon does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Alcon is 12.32%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Alcon will have a dividend payout ratio of 7.49% next year. This indicates that Alcon will be able to sustain or increase its dividend.

  • Read more about Alcon's dividend.
  • Percentage of Shares Shorted

    0.61% of the float of Alcon has been sold short.
  • Short Interest Ratio / Days to Cover

    Alcon has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Alcon has recently increased by 6.41%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Alcon has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Alcon this week, compared to 3 articles on an average week.
  • Search Interest

    Only 9 people have searched for ALC on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Alcon to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Alcon insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.52% of the stock of Alcon is held by insiders.

  • Percentage Held by Institutions

    53.86% of the stock of Alcon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Alcon's insider trading history.

ALC Stock News Headlines

UBS Remains a Buy on Alcon (ALC)
MSU purchases new equipment with Welch Foundation grant
Kamala Harris To Tank the Market?
URGENT ELECTION MELTDOWN WARNING From the former CIA advisor who predicted President Trump’s win in 2016…
Alcon (ALC) Gets a Buy from Berenberg Bank
Swiss Market Ends Moderately Higher
See More Headlines

ALC Stock Analysis - Frequently Asked Questions

Alcon's stock was trading at $78.12 at the start of the year. Since then, ALC stock has increased by 23.7% and is now trading at $96.65.
View the best growth stocks for 2024 here
.

Alcon Inc. (NYSE:ALC) released its quarterly earnings data on Tuesday, August, 20th. The healthcare company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm's revenue was up 3.3% compared to the same quarter last year.

Alcon subsidiaries include these companies: Alcon (China) Ophthalmic Product Co. Ltd., Alcon Finance Corporation, Alcon Japan Ltd., Alcon Laboratories Inc., Alcon Pharmaceuticals Ltd., Alcon Research LLC, and Alcon Vision LLC.

Top institutional investors of Alcon include Clearbridge Investments LLC (1.83%), Zurcher Kantonalbank Zurich Cantonalbank (1.73%), Bank of New York Mellon Corp (1.40%) and Legal & General Group Plc (1.25%).

Shares of ALC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Alcon investors own include AT&T (T), Novartis (NVS), Verizon Communications (VZ), International Business Machines (IBM), Intel (INTC), Pfizer (PFE) and Cisco Systems (CSCO).

Company Calendar

Last Earnings
8/20/2024
Today
9/19/2024
Next Earnings (Estimated)
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medical Instruments & Supplies
Sub-Industry
Health Care Facilities
CUSIP
04544X30
Employees
25,000
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$99.74
High Stock Price Target
$110.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$974 million
Pretax Margin
10.60%

Debt

Sales & Book Value

Annual Sales
$9.64 billion
Cash Flow
$5.16 per share
Book Value
$41.81 per share

Miscellaneous

Free Float
485,605,000
Market Cap
$47.66 billion
Optionable
Optionable
Beta
0.98

Social Links

Should I Buy Alcon Stock? ALC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 11, 2024. Please send any questions or comments about these Alcon pros and cons to contact@marketbeat.com.

Alcon
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Alcon Inc.:

  • Alcon Inc. has shown a positive Fifty-Two Week Performance, indicating potential growth.
  • Recent Month-to-Month Change Percentage in Shares Shorted is favorable, suggesting improving market sentiment.
  • Alcon Inc. has a relatively low Short Percentage of Float, which may indicate lower market volatility.
  • The current stock price of Alcon Inc. is attractive for potential investors.
  • Alcon Inc. has a stable Average Daily Volume, providing liquidity for investors.

Alcon
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Alcon Inc. for these reasons:

  • Days to Cover ratio is relatively high, indicating a longer time for short sellers to cover their positions.
  • Institutional Ownership Percentage is low, which may raise concerns about confidence from larger investors.
  • Recent increase in Shares Shorted may suggest a bearish sentiment in the market.
  • Record Date Price has decreased, potentially impacting investor sentiment.
  • Outstanding Shares remain unchanged, which could dilute the value for existing shareholders.

This page (NYSE:ALC) was last updated on 9/19/2024 by MarketBeat.com Staff
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