Danaher Corporation (NYSE:DHR) saw an upside of 0.05% to $255.76 after adding $0.14 on Tuesday. The 5-day average trading volume is 1,907,350 shares of the company’s common stock. It has gained $259.48 in the past week and touched a new high 2 times within the past 5 days. An average of 3,478,503 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,202,901.
DHR’s 1-month performance is 9.08% or $22.09 on its low of $232.27 reached on 07/10/23. The company’s shares have touched a 52-week low of $221.22 and high of $303.82, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, DHR has lost -3.64% or -$10.25 and has reached a new high 6 times. However, the current price is down -15.82% from the 52-week high price.
Insider Transactions
DHR stock investors last saw insider trading activity on Jul 28.Raskas Daniel (SVP – Corporate Development) most recently sold 11,213 shares at $260.65 per share on Jul 28. This transaction cost the insider $2,922,652. Director, FILLER LINDA, sold 10,190 shares at a price of $260.25 on Jul 28. Then, on Jul 26, Executive Vice President Weidemanis Joakim sold 22,439 shares at a price of $263.42 per share. This transaction amounted to $5,910,832.
Valuation Metrics
DHR stock has a beta of 0.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.29 while the price-to-book (PB) in the most recent quarter is 3.65, with the price to cash flow ratio at 29.95.
Danaher Corporation’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.35, while the total debt to equity was 0.38. In terms of profitability, the gross margin trailing 12 months is 59.10%. The trailing 12-month EBITDA margin is 34.70% while for the period ending June 29, Danaher Corporation’s operating margin was 24.80%. The firm’s gross profit as reported stood at $18.95 billion against revenue of $31.47 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -49.91% to $1.11 billion, while revenue of $1.43 billion was -29.2% off the previous quarter. Analysts expected DHR to announce $2.01 per share in earnings in its latest quarter, but it posted $2.05, representing a 2.00% surprise. EBITDA for the quarter stood at more than $1.99 billion. DHR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.18 billion, with total debt at $20.97 billion. Shareholders hold equity totaling $738.35 million.
Let’s look briefly at Danaher Corporation (DHR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 55.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.52%.
The stock’s 5-day moving average is $256.17, reflecting a +0.07% or $0.17 change from its current price. DHR is currently trading +7.36% above its 20-day SMA, +5.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.73% and SMA200 by-1.05%.
Stochastic %K and %D was 60.05% and 64.86% and the average true range (ATR) pointed at 6.03. The RSI (14) points at 57.42%, while the 14-day stochastic is at 58.50% with the period’s ATR at 6.13. The stock’s 9-day MACD Oscillator is pointing at -1.07 and -0.90 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Danaher Corporation (NYSE: DHR), Raymond James launched coverage with an Outperform rating. Analysts offering their rating for DHR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DHR as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 17 have offered a “buy” rating.
What is DHR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $230.00 and a high of $328.00, with their median price target at $282.95. Looking at these predictions, the average price target given by analysts is for Danaher Corporation (DHR) stock is $282.31.
