Kepler Capital analyst Arnaud Girod maintained a Sell rating on Alcon (ALC) on December 8 and set a price target of CHF48.00. The company’s shares closed last Friday at $65.58, close to its 52-week high of $68.11.
According to TipRanks.com, Girod has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -2.6% and a 49.2% success rate. Girod covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Anheuser-Busch Inbev Sa, and Royal Ahold Delhaize.
Alcon has an analyst consensus of Moderate Buy, with a price target consensus of $71.16.
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Based on Alcon’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.84 billion and GAAP net loss of $147 million. In comparison, last year the company earned revenue of $1.87 billion and had a GAAP net loss of $66 million.
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Alcon, Inc. engages in the development, manufacture, and marketing of market surgical equipment and devices, pharmaceutical eye drops, and consumer vision care products to treat eye diseases and disorders. It operates through the following segments: Surgical and Vision Care. The Surgical segment offers implantable products, consumables and equipment for use in surgical procedures to address cataracts, vitreoretinal conditions, refractive errors, and glaucoma. The Vision Care segment comprises daily disposable, reusable and color-enhancing contact lenses, as well as portfolio of ocular health products, including over-the-counter products for dry eye, contact lens care, and ocular allergies, as well as ocular vitamins and redness relievers. The company was founded by Mr. Robert Alexander and Mr. William Conner on 1945 and is headquartered in Fribourg, Switzerland.
