Verizon Communications Inc. (VZ) Stock Price, Quote & News - Stock Analysis (2024)

FAQs

Verizon Communications Inc. (VZ) Stock Price, Quote & News - Stock Analysis? ›

Verizon has a consensus rating of Moderate Buy which is based on 7 buy ratings, 6 hold ratings and 0 sell ratings. What is Verizon's price target? The average price target for Verizon is $45.62. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Verizon has a consensus rating of Moderate Buy which is based on 7 buy ratings, 6 hold ratings and 0 sell ratings. What is Verizon's price target? The average price target for Verizon is $45.62. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Verizon stock price stood at $41.12

According to the latest long-term forecast, Verizon price will hit $55 by the end of 2026 and then $60 by the middle of 2028. Verizon will rise to $65 within the year of 2029, $75 in 2030, $80 in 2031, $85 in 2032, $90 in 2033, $95 in 2035 and $100 in 2036.

Based on short-term price targets offered by 21 analysts, the average price target for Verizon Communications comes to $44.49. The forecasts range from a low of $36.00 to a high of $52.00. The average price target represents an increase of 8.99% from the last closing price of $40.82.

Verizon's upcoming ex-dividend date is on Jul 10, 2024. Verizon shareholders who own VZ stock before this date will receive Verizon's next dividend payment of $0.67 per share on Aug 01, 2024. Add VZ to your watchlist to be reminded before Verizon's ex-dividend date. When is Verizon dividend payment date?

Price in 2024: According to experts, VZ stock will range between $41.96 and $51.43, reflecting positive market sentiment of the company. Long-term Price Forecast for 2025-2030: According to various analysts, Verizon's stock price may fall to $17.78 by mid-2029 or rise to $86.54 by December 2028.

Fair Value Estimate for Verizon Stock

Our fair value estimate of $54 per share is roughly 8.1 times our 2024 EBITDA forecast. Our valuation also implies an 8.2% free cash flow yield based on Verizon's performance in 2023.

What percentage of Verizon (VZ) stock is held by retail investors? According to the latest TipRanks data, approximately 50.86% of Verizon (VZ) stock is held by retail investors. Vanguard owns the most shares of Verizon (VZ).

Share Price vs Fair Value

For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: VZ is trading below fair value by more than 20%.

Future Growth

Verizon Communications is forecast to grow earnings and revenue by 12.6% and 1.5% per annum respectively. EPS is expected to grow by 11.9% per annum. Return on equity is forecast to be 17.4% in 3 years.

What is the Verizon dividend for 2024? ›

Verizon Communications Inc. ( VZ ) pays dividends on a quarterly basis.

Johnson & Johnson as a company is chugging along, generating some decent growth numbers. Its stock trades at a modest 14 times its estimated future earnings (based on analyst estimates). Combined with its high dividend, it can make for an appealing value investment to buy and hold.

Verizon's shares (NYSE:VZ) aren't as cheap as they were in October 2023 when they reached $30.14, but after rebounding roughly 30%, they still look undervalued. Over the past 5 years, shares of Verizon are down -33.80% as they gradually decreased in value during the Fed tightening cycle.

Verizon has a lot of debt, and when it needs to be refinanced it could be costly to the company. Verizon (VZ -0.16%) has long used debt to finance growth, but in the last year, it's become apparent that the cost of its debt is going up significantly.

As of 2024-07-02, the Fair Value of Verizon Communications Inc (VZ) is 13.43 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 41.74 USD, the upside of Verizon Communications Inc is -67.8%.