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

Veralto (NYSE:VLTO) had its price target cut by research analysts at Citigroup from $104.00 to $102.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 16.37% from the company’s previous close.

Several other analysts have also recently issued reports on VLTO. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target on the stock. Royal Bank Of Canada raised their price objective on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a report on Thursday. Barclays cut their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group decreased their price target on Veralto from $102.00 to $99.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Veralto presently has a consensus rating of “Moderate Buy” and an average price target of $106.33.

Veralto Stock Performance

Shares of VLTO stock opened at $87.65 on Thursday. Veralto has a 12 month low of $84.99 and a 12 month high of $110.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.52. The firm has a market capitalization of $21.52 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.49 and a beta of 0.98. The company’s fifty day moving average price is $90.55 and its two-hundred day moving average price is $96.50.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.95 EPS. Veralto’s revenue for the quarter was up 6.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, research analysts anticipate that Veralto will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Veralto by 2.8% during the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after acquiring an additional 852,276 shares during the period. State Street Corp boosted its stake in Veralto by 2.6% in the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after acquiring an additional 270,356 shares during the period. Geode Capital Management LLC boosted its stake in Veralto by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after acquiring an additional 126,814 shares during the period. First Trust Advisors LP grew its holdings in shares of Veralto by 33.3% during the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock valued at $466,779,000 after purchasing an additional 1,169,572 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Veralto by 6.3% during the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock worth $458,493,000 after purchasing an additional 272,036 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.