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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
