Is Danaher Corporation (DHR) Set To Achieve Price Targets?


The stock of Danaher Corporation (NYSE:DHR) decreased by -$0.09 on Wednesday to $261.95, down -0.03 percent. The last five days have seen an average of 1,758,775 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$66.60. The average number of shares traded over the last 20 days was 2,741,564, while the average volume over the last 50 days totaled 2,900,186.

DHR stock appreciated 4.12% since last month. On 11/03/22, the company’s shares reached a one-month low of $234.96. The stock touched a high of $331.68 on 01/03/22, after rallying from a low of $233.71 in 52 weeks. The price of DHR stock has declined by -20.36% or -$66.60 this year, reaching a new high 1 time. Still, the stock price is down -21.02% from the 52-week high.

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Insider Transactions

DHR stock investors should be aware that Danaher Corporation (DHR) stock had its last reported insider trading activity 8 days ago on Nov 15. On Nov 15, SVP, Human Resources Couchara Georgeann sold 1,884 shares at $271.61 each. This transaction resulted in the insider making $511,719. On Nov 11, McGrew Matthew sold 18,935 shares at a price of US$274.72. After the transaction, the insider now owns 29,634 shares. Executive Vice President Honeycutt Jennifer had earlier sold 8,211 shares on Nov 10 for $265.00 a share. The transaction was completed for $2,175,915.

Valuation Metrics

Danaher Corporation (DHR) has a trailing price-to-earnings (P/E) ratio of 28.93. Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.08, the price-to-book (PB) ratio of 4.21, and the price-to-cash flow ratio of 30.34.

Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.04 dividend increase was reported on Wednesday February 23 2022.

Financial Health

For the three months ended September 29, Danaher Corporation’s quick ratio was 1.40, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.41, and the total debt to equity ratio is 0.42. As far as profitability goes, gross margin for the trailing twelve months is 60.60% percent. Danaher Corporation’s operating margin stood at 27.00% for the same period. Based on annual data, it had gross profit of $17.95 billion and revenue of $29.45 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DHR’s return on assets (ROA) during the last 12 months has been 8.10%. There was a 9.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%.

Earnings Surprise

According to Danaher Corporation’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.66 billion, while revenues rose by 5.66% to $7.75 billion. It was predicted that Danaher Corporation’s quarterly earnings would be $2.56, but it ended up being $2.26, beating the consensus by 13.30%. EBITDA was $2.56 billion for the quarter. At the end of Danaher Corporation’s most recent quarter ended September 29, its liabilities totaled 34.04 billion, while its total debt was $20.25 billion. Equity owned by shareholders amounts to $727.96 million.

Technical Picture

Here’s a quick look at Danaher Corporation’s (DHR) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 54.08%, suggesting the stock is Neutral, with a 20.15% historical volatility rate.

The stochastic %K and %D were 61.52% and 60.81% respectively, while the average true range (ATR) was 7.56. Based on the 14-day stochastic reading of 61.13%, the RSI (14) reading is 52.51%. On the 9-day MACD Oscillator, the stock is at -2.83, and the 14-day reading is at 1.30.

Analyst Ratings

Danaher Corporation (NYSE: DHR) was downgraded by The Benchmark Company to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Danaher Corporation (DHR) an Overweight rating. DHR is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 16 others recommend it as a buy.

What is DHR’s price target for the next 12 months?

The current consensus forecast for the stock is between $275.00 and $340.00, with a median target price of $315.00. In analyzing these forecasts, the average price target given by analysts for Danaher Corporation (DHR) is $307.84.


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