PerkinElmer PT Raised to $57.00 at Maxim Group (PKI)
Maxim Group hoisted their price objective on shares of PerkinElmer (NYSE:PKI) from $48.00 to $57.00 in a research note issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 30.73% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho raised their price target on shares of PerkinElmer from $43.00 to $50.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company upgraded shares of PerkinElmer from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, January 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PerkinElmer in a research note to investors on Friday, December 13th. They now have a $41.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PerkinElmer currently has an average rating of “Buy” and a consensus price target of $41.14.
Shares of PerkinElmer (NYSE:PKI) traded down 1.00% during mid-day trading on Friday, hitting $43.60. 2,378,156 shares of the company’s stock traded hands. PerkinElmer has a 52-week low of $29.50 and a 52-week high of $44.23. The stock’s 50-day moving average is $41.65 and its 200-day moving average is $38.. The company has a market cap of $4.900 billion and a P/E ratio of 58.96.
PerkinElmer (NYSE:PKI) last released its earnings data on Thursday, January 30th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $594.00 million for the quarter, compared to the consensus estimate of $588.95 million. Analysts expect that PerkinElmer will post $2.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 9th. Stockholders of record on Friday, April 18th will be given a dividend of 0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, April 15th.
PerkinElmer, Inc is a provider of technology, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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