Danaher Corp. (NYSE:DHR) finished Wednesday with an addition of $0.19 to close at $247.44, an upside of 0.08 percent. An average of 2,265,680 shares of common stock have been traded in the last five days. There was a fall of -$7.02 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 2,444,650 shares traded, while the 50-day average volume stands at 2,629,056.
DHR stock has decreased by -5.38% in the last month. The company shares reached their 1-month lowest point of $242.96 on 09/13/23. With the stock rallying to its 52-week high on 01/23/23, shares of the company touched a low of $221.22 and a high of $283.63 in 52 weeks. It has reached a new high 6 times so far this year and lost -6.77% or -$17.98 in price. In spite of this, the price is down -12.76% from the 52-week high.
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Insider Transactions
DHR stock investors should be aware that Danaher Corp. (DHR) stock had its last reported insider trading activity 38 days ago on Aug 21. In this transaction, the insider spent $147,819. SVP – Corporate Development, Raskas Daniel, disposed of 11,213 shares at a price of $260.65 on Jul 28. The insider now owns more than $2,922,652 worth of shares. Prior to that, Director FILLER LINDA went on to Sale 10,190 shares at $260.25 each on Jul 28. An amount of $2,651,978 was transacted.
Valuation Metrics
Danaher Corp. (DHR) has a trailing price-to-earnings (P/E) ratio of 29.14. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.02, the price-to-book (PB) ratio at 3.53, and the price-to-cash flow ratio at 25.37.
Financial Health
The quick ratio of Danaher Corp. for the three months ended June 29 was 1.70, and the current ratio was 2.08, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.41 for the quarter ending June 29. Danaher Corp.’s EBITDA margin for the year ending June 29 is 34.70%, while its operating margin for the same period stands at 24.85%. Its gross profit as reported stood at $18.95 billion compared to revenue of $31.47 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Danaher Corp.’s return on assets was 7.63%.
Earnings Surprise
For the three-month period that ended June 29, Danaher Corp. had $18.29 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.11 billion in the quarter, while revenues of $1.43 billion were shrunk -49.91%. The analyst consensus anticipated Danaher Corp.’s latest quarter earnings to come in at $2.01 per share, but it turned out to be $2.05, a 2.00% surprise. For the quarter, EBITDA amounted to $1.99 billion. Shareholders own equity worth $738.35 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Danaher Corp. (DHR) price momentum. RSI 9-day as of the close on 27 September was 37.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.89%.
As of today, DHR’s price is $248.95 -2.76% or -$7.02 from its 5-day moving average. DHR is currently trading -6.27% lower than its 20-day SMA and +2.11% higher than its 100-day SMA. However, the stock’s current price level is +2.76% above the SMA50 and -8.97% below the SMA200.
The stochastic %K and %D were 33.37% and 32.61%, respectively, and the average true range (ATR) was 5.09. With the 14-day stochastic at 26.18% and the average true range at 5.18, the RSI (14) stands at 41.58%. The stock has reached -2.58 on the 9-day MACD Oscillator while the 14-day reading was at -2.25.
Analyst Ratings
Raymond James launched coverage on Danaher Corp. (NYSE: DHR) in its analyst report released on July 19, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Danaher Corp. (DHR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DHR, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.
What is DHR’s price target for the next 12 months?
Analysts predict a range of price targets between $230.00 and $306.00, with a median target of $285.00. Taking a look at these predictions, the average price target given by analysts for Danaher Corp. (DHR) stock is $281.64.
