Summary:
- Kyle Malady, CEO of Verizon, executed a large stock transaction involving over 10,000 shares.
- Analysts forecast a potential upside for Verizon, with varied price targets.
- GuruFocus' GF Value presents an anticipated slight downside for the stock.
Kyle Malady, the CEO of Verizon Communications Inc (VZ, Financial), recently made headlines by selling over 10,000 shares of the telecommunications leader. The shares were sold at an average price of $42.48, bringing the total transaction to approximately $430,240. Following this sale, Malady continues to hold 44,920 shares, maintaining a significant stake in the company.
Analyst Price Targets for Verizon
Delving into the forecasts by 22 analysts, the average one-year price target for Verizon Communications Inc stands at $47.53, with the most optimistic estimate reaching $55.00 and the more conservative figure at $40.00. This average target suggests a potential upside of 13.42% from the current stock price of $41.91. For those seeking more granular details, further information is available on the Verizon Communications Inc (VZ, Financial) Forecast page.
Brokerage Recommendations
The collective insights from 27 brokerage firms give Verizon a current average recommendation rating of 2.5, indicating an "Outperform" status. This rating falls on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
Assessing the GF Value
According to GuruFocus estimates, the GF Value for Verizon Communications Inc in one year is projected at $40.95. This estimation suggests a possible downside of 2.29% from its current trading price of $41.91. The GF Value represents GuruFocus' approximation of what the stock's fair trading value should be, derived from historical trading multiples, past business growth, and future performance projections. For an in-depth analysis, interested readers can visit the Verizon Communications Inc (VZ, Financial) Summary page.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
