A share price of Danaher Corp. [DHR] is currently trading at $250.41, down -1.07%. 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 gain 4.60% over the last week, with a monthly amount glided 1.05%, and 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 April 17, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $280 for it. Previously, Barclays downgraded its rating to Equal Weight on January 24, 2024, and kept the price target unchanged to $240. On December 18, 2023, HSBC Securities initiated with a Hold rating. Goldman downgraded its rating to a Neutral and reduced its price target to $205 on December 07, 2023. Raymond James started tracking with a Outperform rating for this stock on July 19, 2023, and assigned it a price target of $270. In a note dated May 01, 2023, SVB Securities initiated an Outperform rating and provided a target price of $300 on this stock.
Danaher Corp. experienced fluctuations in its stock price throughout the past year between $182.09 and $259.00. Currently, Wall Street analysts expect the stock to reach $313.59 within the next 12 months. Danaher Corp. [NYSE: DHR] shares were valued at $250.41 at the most recent close of the market. An investor can expect a potential return of 25.23% based on the average DHR price forecast.
Analyzing the DHR fundamentals
Trailing Twelve Months sales for Danaher Corp. [NYSE:DHR] were 26.23B which represents -19.13% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 247.56 points at the first support level, and at 244.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 253.67, and for the 2nd resistance point, it is at 256.94.
Danaher Corp. [DHR] reported earnings per share of $1.92 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.71/share, meaning a difference of $0.21 and a surprise factor of 12.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $2.09 per share as compared to estimates of $1.91 per share, a difference of $0.18 representing a surprise of 9.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Danaher Corp. [NYSE:DHR] is 1.85. Further, the Quick Ratio stands at 1.51, while the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 7.07, the price to book ratio is 3.47 and price to earnings (TTM) ratio is 42.45.
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.
