Danaher Corp. [DHR] stock prices are up 1.41% to $273.91 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DHR shares have gain 12.47% over the last week, with a monthly amount glided 8.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities upgraded its rating to Buy on April 17, 2024, and kept the price target unchanged to $280. On January 24, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $240 on the stock. HSBC Securities started tracking the stock assigning a Hold rating. Goldman downgraded its rating to Neutral for this stock on December 07, 2023, and downed its price target to $205. In a note dated July 19, 2023, Raymond James initiated an Outperform rating and provided a target price of $270 on this stock.
The stock price of Danaher Corp. [DHR] has been fluctuating between $182.09 and $276.31 over the past year. Currently, Wall Street analysts expect the stock to reach $313.59 within the next 12 months. Danaher Corp. [NYSE: DHR] shares were valued at $273.91 at the most recent close of the market. An investor can expect a potential return of 14.49% based on the average DHR price forecast.
Analyzing the DHR fundamentals
The Danaher Corp. [NYSE:DHR] reported sales of 24.82B for trailing twelve months, representing a drop of -19.76%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.2%. 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 of0.36.
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 270.83 points at the first support level, and at 267.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 277.36, and for the 2nd resistance point, it is at 280.80.
Ratios To Look Out For
It’s worth pointing out that Danaher Corp. [NYSE:DHR]’s Current Ratio is 1.43. As well, the Quick Ratio is 1.04, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 7.97, the price to book ratio is 3.97 and price to earnings (TTM) ratio is 48.61.
Transactions by insiders
Recent insider trading involved Raskas Daniel, SVP – Corporate Development, that happened on Jul 25 ’24 when 14507.0 shares were sold. Senior Vice President – GC, Ellis Brian W completed a deal on Jul 25 ’24 to sell 9600.0 shares. Meanwhile, President & CEO Blair Rainer sold 9005.0 shares on May 16 ’24.
