BHC Stock Forecast 2024: Bausch Health Companies Inc Remains Weak With A Upside Of 34.08%

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In the last trading session, 2.33 million shares of the Bausch Health Companies Inc (NYSE:BHC) were traded, and its beta was 0.91. Most recently the company’s share price was $8.45, and it changed around -$0.24 or -2.76% from the last close, which brings the market valuation of the company to $3.09B. BHC currently trades at a discount to its 52-week high of $11.46, offering almost -35.62% off that amount. The share price’s 52-week low was $5.57, which indicates that the current value has risen by an impressive 34.08% since then. We note from Bausch Health Companies Inc’s average daily trading volume that its 3-month average coming to 2.76 million.

Bausch Health Companies Inc (NYSE:BHC) trade information

Instantly BHC has showed a red trend with a performance of -2.76% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 5.36% year-to-date, but still down -2.09% over the last five days. On the other hand, Bausch Health Companies Inc (NYSE:BHC) is -11.05% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $11.33, which translates to bulls needing to increase their stock price by 25.42% from its current value. Analyst projections state that BHC is forecast to be at a low of $6 and a high of $16.

Bausch Health Companies Inc (BHC) estimates and forecasts

Bausch Health Companies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.12 percent over the past six months and at a 13.18% annual growth rate that is well below the industry average of 21.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.76%. Bausch Health Companies Inc earnings are expected to increase by 12.75% in 2024, but the outlook is positive 2.60% per year for the next five years.

BHC Dividends

Bausch Health Companies Inc’s next quarterly earnings report is expected to be released in May.