PerkinElmer PT Raised to $45.00 (PKI)
Investment analysts at Goldman Sachs Group Inc. increased their target price on shares of PerkinElmer (NYSE:PKI) from $43.00 to $45.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “conviction-buy” rating on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 18.08% from the company’s current price.
PerkinElmer (NYSE:PKI) remained flat at $38.11 during during mid-day trading trading on Friday. The stock had a trading volume of 583,550 shares. PerkinElmer has a 52-week low of $27.76 and a 52-week high of $39.05. The stock has a 50-day moving average of $37.16 and a 200-day moving average of $34.28. The company has a market cap of $4.269 billion and a price-to-earnings ratio of 59.09.
PerkinElmer (NYSE:PKI) last released its earnings data on Thursday, August 1st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of PerkinElmer (NYSE:PKI) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $40.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of PerkinElmer (NYSE:PKI) from $40.00 to $43.00 in a research note to investors on Tuesday, September 17th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of PerkinElmer (NYSE:PKI) in a research note to investors on Monday, September 16th. They set an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.53.
PerkinElmer, Inc is a provider of technology, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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