Danaher Corp. PT Raised to $74.00 (DHR)
Stock analysts at JPMorgan Chase & Co. increased their price target on shares of Danaher Corp. (NYSE:DHR) from $72.00 to $74.00 in a report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 2.78% from the company’s current price.
Shares of Danaher Corp. (NYSE:DHR) traded down 0.43% on Friday, hitting $72.00. The stock had a trading volume of 4,193,859 shares. Danaher Corp. has a one year low of $50.63 and a one year high of $72.69. The stock’s 50-day moving average is $68.92 and its 200-day moving average is $65.0. The company has a market cap of $50.081 billion and a P/E ratio of 20.61.
Danaher Corp. (NYSE:DHR) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Danaher Corp. will post $3.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Investors 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 0.14%. The ex-dividend date is Wednesday, September 25th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Danaher Corp. from $78.00 to $83.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Danaher Corp. in a research note to investors on Friday. They now have a $68.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Danaher Corp. from $64.00 to $70.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $70.84.
Danaher Corporation (NYSE:DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services.
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