PerkinElmer CAO Sells $250,832 in Stock (PKI)
PerkinElmer (NYSE:PKI) CAO Andrew Okun unloaded 6,805 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $36.86, for a total transaction of $250,832.30. Following the sale, the chief accounting officer now directly owns 10,517 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
PKI has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of PerkinElmer (NYSE:PKI) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of PerkinElmer (NYSE:PKI) from $35.00 to $40.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of PerkinElmer (NYSE:PKI) from $36.00 to $39.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. PerkinElmer presently has an average rating of “Buy” and a consensus target price of $36.54.
PerkinElmer (NYSE:PKI) traded up 0.75% on Tuesday, hitting $37.70. 716,763 shares of the company’s stock traded hands. PerkinElmer has a one year low of $27.76 and a one year high of $37.70. The stock has a 50-day moving average of $35.99 and a 200-day moving average of $33.93. The company has a market cap of $4.223 billion and a P/E ratio of 58.02.
PerkinElmer (NYSE:PKI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.03. The company had revenue of $543.30 million for the quarter, compared to the consensus estimate of $532.95 million. During the same quarter last year, the company posted $0.53 earnings per share. PerkinElmer’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that PerkinElmer will post $2.07 EPS for the current fiscal year.
PerkinElmer, Inc is a provider of technology, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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