At the time of writing, Danaher Corp. [DHR] stock is trading at $239.66, down -0.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DHR shares have lost -1.88% over the last week, with a monthly amount drifted -5.36%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Danaher Corp. [NYSE: DHR] stock has seen the most recent analyst activity on January 24, 2024, when Barclays downgraded its rating to a Equal Weight but kept the price target unchanged to $240 for it. Goldman downgraded its rating to a Neutral and decreased its price target to $205 on December 07, 2023. Raymond James initiated its recommendation with a Outperform and recommended $270 as its price target on July 19, 2023. SVB Securities started tracking with a Outperform rating for this stock on May 01, 2023, and assigned it a price target of $300. In a note dated April 26, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $310 to $250.
For the past year, the stock price of Danaher Corp. fluctuated between $182.09 and $259.00. Currently, Wall Street analysts expect the stock to reach $318.19 within the next 12 months. Danaher Corp. [NYSE: DHR] shares were valued at $239.66 at the most recent close of the market. An investor can expect a potential return of 32.77% based on the average DHR price forecast.
Analyzing the DHR fundamentals
According to Danaher Corp. [NYSE:DHR], the company’s sales were 27.60B for trailing twelve months, which represents an -23.47% plunge. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 237.46 points at the first support level, and at 235.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 242.56, and for the 2nd resistance point, it is at 245.46.
Ratios To Look Out For
It is important to note that Danaher Corp. [NYSE:DHR] has a current ratio of 1.68. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 6.43, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 37.54.
Transactions by insiders
Recent insider trading involved Raskas Daniel, SVP – Corporate Development, that happened on Feb 26 ’24 when 23757.0 shares were sold. Director, LOHR WALTER G completed a deal on Feb 15 ’24 to sell 3289.0 shares. Meanwhile, SVP, Human Resources Couchara Georgeann sold 2622.0 shares on Feb 13 ’24.
