Stocks of Danaher Corp. (NYSE:DHR) traded higher last session on Wall Street, up 1.58% to $221.30.
According to the data, Danaher Corp. (NYSE:DHR) has 26 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $306.00 and a low of $200.00, we find $235.00. Given the previous closing price of $217.86, this indicates a potential upside of 7.87 percent. DHR stock price is now 5.83% away from the 50-day moving average and 2.57% away from the 200-day moving average. The market capitalization of the company currently stands at $163.53B.
A total of 6 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $235.19 as their price target over the next twelve months.
With the price target of $270, Raymond James recently initiated with Outperform rating for Danaher Corp. (NYSE: DHR).
In other news, Gutierrez-Ramos Jose-Carlos, SVP, Chief Science Officer sold 590 shares of the company’s stock on Aug 21. The stock was sold for $147,819 at an average price of $250.54. Upon completion of the transaction, the SVP, Chief Science Officer now directly owns 6,939 shares in the company, valued at $1.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, SVP – Corporate Development Raskas Daniel sold 11,213 shares of the business’s stock. A total of $2,922,652 was realized by selling the stock at an average price of $260.65. This leaves the insider owning 38,288 shares of the company worth $8.47 million. Insiders disposed of 131,289 shares of company stock worth roughly $29.05 million over the past 1 year. A total of 8.81% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $218.92 for Danaher Corp. (NYSE: DHR). During the past 12 months, Danaher Corp. has had a low of $182.09 and a high of $249.55. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 2.26, and a quick ratio of 1.94. The fifty day moving average price for DHR is $209.12 and a two-hundred day moving average price translates $215.79 for the stock.
The latest earnings results from Danaher Corp. (NYSE: DHR) was released for Sep, 2023. According to the Diagnostics & Research Company, earnings per share came in at $1.85, beating analysts’ expectations of $1.7 by 0.15. This compares to $2.13 EPS in the same period last year. The net profit margin was 19.87% and return on equity was 11.91% for DHR. The company reported revenue of $6.87 billion for the quarter, compared to $7.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.31 percent. For the current quarter, analysts expect DHR to generate $5.43B in revenue.
