Why Danaher Corporation [DHR] Stock Will Fly to $280.00 Over the Next 12 Months

Danaher Corporation [DHR] shares are up more than 52.58% this year and recently decreased 0.0% or $0.08 to settle at $226.23. Analysts expect DHR to grow earnings at a 15.14% annual rate over the next 5 years. DHR has a short ratio of 2.21. This implies that the market is currently less bearish on the outlook for DHR.

On 24, November 2020, Danaher To Present At Evercore ISI HealthCONx Conference. According to news published on Yahoo Finance, Danaher Corporation (NYSE: DHR) announced that President and Chief Executive Officer, Rainer M. Blair, will be presenting at the Evercore ISI HealthCONx Conference on Tuesday, December 1, 2020 at 8:50 a.m. ET. The audio will be simultaneously webcast on www.danaher.com.

Analyst Birdseye View:

The most recent analyst activity for Danaher Corporation [NYSE:DHR] stock was on November 25, 2020, when it was Downgrade with a Sector perform rating from RBC Capital Mkts, which also lowered its 12-month price target on the stock from $273 to $234. Before that, on December 02, 2020, Goldman Recapitulated a Buy rating and elevated its amount target to $250. On November 10, 2020, KeyBanc Capital Markets Initiated an Overweight rating and boosted its price target on this stock to $280. On June 16, 2020, Wolfe Research Upgrade an Outperform rating. On April 02, 2020, Wolfe Research Downgrade a Peer perform rating and increased its price target to $154. On March 26, 2020, RBC Capital Mkts Upgrade an Outperform rating and boosted its amount target on this stock to $157. On February 03, 2020, Needham Reiterated a Buy rating and boosted its target amount on this stock from $167 to $187. Wells Fargo elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $119.60 and a peak of $248.32. Right now, according to Wall Street analyst the average 12-month amount target is $261.44. At the most recent market close, shares of Danaher Corporation [NYSE:DHR] were valued at $226.23. According to the average price forecast, investors can expect a potential return of -0.16%.

FUNDAMENTAL ANALYSIS

Danaher Corporation [NYSE:DHR] most recently reported quarterly sales of 5.88 billion, which represented growth of 34.40%. This publicly-traded organization’s revenue is $298,518 per employee, while its income is $40,538 per employee. This company’s Gross Margin is currently 55.00%, its Operating Margin is 21.30%, its Pretax Margin is +18.45, and its Net Margin is +13.58. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.43, 8.32, 7.41 and 5.39 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 42.67 and the whole liability to whole assets at 36.28. It shows enduring liability to the whole principal at 41.96 and enduring liability to assets at 0.36 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 224.79 points at 1st support level, the second support level is making up to 223.42. But as of 1st resistance point, this stock is sitting at 227.76 and at 229.36 for 2nd resistance point.

Danaher Corporation [DHR] reported its earnings at $1.72 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.36/share signifying the difference of 0.36 and 26.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.44 calling estimates for $1.09/share with the difference of 0.35 depicting the surprise of 32.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Danaher Corporation [NYSE:DHR] is 2.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 4.04. Now if looking for a valuation of this stock’s amount to sales ratio it’s 6.22, it’s amount to book ratio is 3.72 and showing 54.40 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by RALES MITCHELL P, Chairman of Exec. Committee, and it was the purchase of 26784.0 shares on Nov 19. Zerhouni Elias A., the Director, completed a sale of 8898.0 shares on Nov 03. On Oct 23, COMAS DANIEL L, EVP, completed a sale of 54402.0 shares.