PerkinElmer Inc. Hits New 52-Week High at $37.92 (PKI)
Shares of PerkinElmer (NYSE:PKI) hit a new 52-week high on Tuesday, AR Network reports. The company traded as high as $37.92 and last traded at $37.66, with a volume of 498,210 shares trading hands. The stock had previously closed at $37.42.
A number of research firms have recently commented on PKI. 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. PerkinElmer currently has an average rating of “Buy” and an average target price of $36.54.
In other PerkinElmer news, 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
PerkinElmer has a 52-week low of $27.76 and a 52-week high of $37.92. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $33.97. The company has a market cap of $4.223 billion and a P/E ratio of 58.02.
PerkinElmer (NYSE:PKI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that PerkinElmer will post $2.07 earnings per share 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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