As of Thursday close, Danaher Corporation’s (NYSE:DHR) stock was down -$0.41, moving down -0.16 percent to $257.46. The average number of shares traded per day over the past five days has been 2,970,640 shares. 1 time new highs have been achieved over the past 5 days, with a $2.19 gain in that time frame. In the last twenty days, the average volume was 3,626,440, while in the previous 50 days, it was 3,347,534.
Since last month, DHR stock rose 8.46%. Shares of the company fell to $231.88 on 07/06/23, the lowest level in the past month. A 52-week high of $303.82 was reached on 01/23/23 after having rallying from a 52-week low of $221.22. Since the beginning of this year, DHR’s stock price has dropped by -3.00% or -$7.96, and marked a new high 6 times. However, the stock has declined by -15.26% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
DHR stock investors should be aware that Danaher Corporation (DHR) stock had its last reported insider trading activity 7 days ago on Jul 28. Raskas Daniel, the SVP – Corporate Development of the company, disposed of 11,213 shares for $260.65 on Jul 28. It resulted in a $2,922,652 divestment by the insider. FILLER LINDA sold 10,190 shares at an average price of $260.25 on Jul 28. The insider now owns 38,152 shares following the transaction. On Jul 26, Executive Vice President Weidemanis Joakim sold 22,439 shares at $263.42 apiece. The transaction was valued at $5,910,832.
Valuation Metrics
Right now, Danaher Corporation (DHR) has a P/E ratio of about 30.20. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 6.15, the price-to-book (PB) ratio of 3.67, and the price-to-cash flow ratio of 29.28 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27. On Wednesday February 22 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Danaher Corporation’s quick ratio stood at 1.70, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.35, and the total debt-to-equity ratio was 0.38. On the profitability front, the trailing twelve-month gross margin is 59.10% percent. In the year ended June 29, EBITDA margin amounted to 34.70%, whereas operating margins totaled 24.80%. Based on annual data, DHR earned $18.95 billion in gross profit and brought in $31.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.20%. Return on equity (ROE) for the past 12 months was 12.90%.
In Danaher Corporation’s quarter-end financial report for June 29, it reported total debt of $18.29 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DHR’s revenue fell -8.3% to $7.17 billion during the quarter, while net income inched up to $7.16 billion. While analysts expected Danaher Corporation to report $2.01 quarterly earnings, the actual figure was $2.05 per share, beating the consensus estimate by 2.00%. During the quarter, the company generated $1.99 billion in EBITDA. The liabilities of Danaher Corporation were 33.18 billion at the end of its most recent quarter ended June 29, and its total debt was $20.97 billion. The value of shareholders’ equity is $738.35 million.
Technical Picture
This quick technical analysis looks at Danaher Corporation’s (DHR) price momentum. With a historical volatility rate of 31.74%, the RSI 9-day stood at 60.48% on 03 August.
With respect to its five-day moving average, the current Danaher Corporation price is up by +0.86% percent or $2.19. At present, DHR shares trade +9.84% above its 20-day simple moving average and +7.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.32% above its SMA50 and +1.48% above its SMA200.
Stochastic coefficient K was 70.87% and Stochastic coefficient D was 70.04%, while ATR was 6.96. Given the Stochastic reading of 73.08% for the 14-day period, the RSI (14) reading has been calculated as 60.87%. As of today, the MACD Oscillator reading stands at -0.92, while the 14-day reading stands at 3.78.
Analyst Ratings
Raymond James launched its rating on Danaher Corporation (NYSE: DHR) to an Outperform in a note to investors on July 19, 2023. Danaher Corporation (DHR) has been rated Overweight by analysts. According to 0 brokerage firms, DHR is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Danaher Corporation stock as buy, with 17 recommending it as overweight.
With a median target price of $282.95, the current consensus forecast for the stock is $230.00 – $328.00. Based on these forecasts, analysts predict Danaher Corporation (DHR) will achieve an average price target of $282.31.
