Bausch + Lomb (NYSE:BLCO) Shares Gap Down to $17.17

Bausch + Lomb Co. (NYSE:BLCOGet Rating) gapped down prior to trading on Monday . The stock had previously closed at $17.17, but opened at $16.43. Bausch + Lomb shares last traded at $17.17, with a volume of 58,809 shares changing hands.

Analysts Set New Price Targets

BLCO has been the subject of a number of recent research reports. Guggenheim initiated coverage on Bausch + Lomb in a report on Tuesday, May 31st. They issued a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada decreased their price objective on Bausch + Lomb from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Sunday, July 31st. Bank of America initiated coverage on Bausch + Lomb in a report on Tuesday, May 31st. They issued a “buy” rating for the company. Wells Fargo & Company began coverage on Bausch + Lomb in a report on Tuesday, May 31st. They issued an “overweight” rating and a $23.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Bausch + Lomb in a report on Tuesday, May 31st. They set a “neutral” rating and a $20.00 price target for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.23.

Bausch + Lomb Trading Up 0.3 %

The company has a 50-day moving average price of $15.71. The company has a current ratio of 1.57, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

Hedge Funds Weigh In On Bausch + Lomb

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Wealth Partners Ltd. bought a new position in shares of Bausch + Lomb during the 2nd quarter worth about $2,262,000. Legal & General Group Plc bought a new position in shares of Bausch + Lomb during the 2nd quarter worth about $153,000. Goldman Sachs Group Inc. bought a new position in Bausch + Lomb in the 2nd quarter valued at about $1,937,000. Jane Street Group LLC bought a new position in Bausch + Lomb in the 2nd quarter valued at about $332,000. Finally, Penn Capital Management Company LLC bought a new position in Bausch + Lomb in the 2nd quarter valued at about $1,846,000. Institutional investors own 10.32% of the company’s stock.

Bausch + Lomb Company Profile

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Bausch + Lomb Corporation operates as an eye health company worldwide. It operates through three segments: Vision Care/Consumer Health Care, Ophthalmic Pharmaceuticals, and Surgical. The Vision Care/Consumer Health Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lens care products, over-the-counter eye drops, eye vitamins, and mineral supplements that address various conditions comprising eye allergies, conjunctivitis, and dry eye.

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