why Verizon Communications Inc. [VZ] is a Good Choice for Investors After New Price Target of $60.23


Verizon Communications Inc. [NYSE: VZ] traded at a low on 12/31/21, posting a -0.56 loss after which it closed the day’ session at $51.96. The company report on December 23, 2021 that Verizon Announces $250,000 Donation to Wounded Warrior Project.

Northampton, MA –News Direct– Verizon.

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To mark the celebration of Veteran’s Day across the U.S, Verizon has announced that it will donate $250,000 to the Wounded Warrior Project, a U.S. based charity supporting a variety of veteran programs and services designed to help American veterans build the future they deserve.

The results of the trading session contributed to over 15884830 shares changing hands. Over the past one week, the price volatility of Verizon Communications Inc. stands at 0.88% while the volatility over the past one month is 1.52%.

The market cap for VZ stock reached $215.49 billion, with 4.14 billion shares outstanding and 4.14 billion shares in the current float. Compared to the average trading volume of 21.56M shares, VZ reached a trading volume of 15884830 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Verizon Communications Inc. [VZ]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VZ shares is $60.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VZ stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Daiwa Securities have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 23, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on October 19, 2021, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise to $57, while Loop Capital analysts kept a Hold rating on VZ stock.

The Average True Range (ATR) for Verizon Communications Inc. is set at 0.76, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 2.79, with the Price to Cash per share for the same quarter was set at 2.40. Price to Free Cash Flow for VZ in the course of the last twelve months was 17.69 with Quick ratio for the last quarter at 0.90.

How has VZ stock performed recently?

Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.37. With this latest performance, VZ shares gained by 4.40% in over the last four-week period, additionally sinking by -7.94% over the last 6 months – not to mention a drop of -11.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VZ stock in for the last two-week period is set at 49.78, with the RSI for the last a single of trading hit 47.27, and the three-weeks RSI is set at 49.40 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 51.94, while it was recorded at 52.39 for the last single week of trading, and 55.06 for the last 200 days.

Verizon Communications Inc. [VZ]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Verizon Communications Inc. [VZ] shares currently have an operating margin of +23.28 and a Gross Margin at +47.06. Verizon Communications Inc.’s Net Margin is presently recorded at +13.88.

Return on Total Capital for VZ is now 14.37, given the latest momentum, and Return on Invested Capital for the company is 9.14. Return on Equity for this stock inclined to 27.55, with Return on Assets sitting at 5.85. When it comes to the capital structure of this company, Verizon Communications Inc. [VZ] has a Total Debt to Total Equity ratio set at 221.91. Additionally, VZ Total Debt to Total Capital is recorded at 68.94, with Total Debt to Total Assets ending up at 47.57. Long-Term Debt to Equity for the company is recorded at 208.09, with the Long-Term Debt to Total Capital now at 64.64.

Reflecting on the efficiency of the workforce at the company, Verizon Communications Inc. [VZ] managed to generate an average of $134,652 per employee. Receivables Turnover for the company is 5.04 with a Total Asset Turnover recorded at a value of 0.42.Verizon Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

Earnings analysis for Verizon Communications Inc. [VZ]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verizon Communications Inc. go to 3.79%.

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Insider trade positions for Verizon Communications Inc. [VZ]

There are presently around $137,371 million, or 65.90% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 325,363,439, which is approximately 0.8% of the company’s market cap and around 0.02% of the total institutional ownership; BLACKROCK INC., holding 289,949,448 shares of the stock with an approximate value of $15.07 billion in VZ stocks shares; and STATE STREET CORP, currently with $8.63 billion in VZ stock with ownership of nearly 1.283% of the company’s market capitalization.

Positions in Verizon Communications Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,472 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 76,825,831 shares. Additionally, 1,195 investors decreased positions by around 79,340,842 shares, while 220 investors held positions by with 2,487,608,820 shares. The mentioned changes placed institutional holdings at 2,643,775,493 shares, according to the latest SEC report filing. VZ stock had 106 new institutional investments in for a total of 12,139,099 shares, while 108 institutional investors sold positions of 3,942,848 shares during the same period.