Danaher Corp. Given New $68.00 Price Target at Barclays Capital (DHR)
Research analysts at Barclays Capital upped their price target on shares of Danaher Corp. (NYSE:DHR) from $65.00 to $68.00 in a report released on Monday, Analyst RN reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target indicates a potential upside of 0.21% from the stock’s previous close.
Shares of Danaher Corp. (NYSE:DHR) traded down 0.96% on Monday, hitting $67.86. 1,715,122 shares of the company’s stock traded hands. Danaher Corp. has a 52 week low of $50.63 and a 52 week high of $70.94. The stock’s 50-day moving average is $68.09 and its 200-day moving average is $64.49. The company has a market cap of $47.201 billion and a price-to-earnings ratio of 19.53.
Danaher Corp. (NYSE:DHR) last released its earnings data on Thursday, July 18th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.02. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Danaher Corp. will post $3.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.03 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Wednesday, September 25th.
A number of other firms have also recently commented on DHR. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Danaher Corp. from $65.00 to $68.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Danaher Corp. in a research note to investors on Tuesday, September 17th. They now have a $74.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Danaher Corp. in a research note to investors on Thursday, August 15th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Danaher Corp. presently has a consensus rating of “Buy” and a consensus target price of $69.21.
Danaher Corporation (NYSE:DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services.
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