PerkinElmer Price Target Increased to $53.00 by Analysts at Cowen and Company (PKI)
Stock analysts at Cowen and Company hoisted their target price on shares of PerkinElmer (NYSE:PKI) from $50.00 to $53.00 in a report issued on Tuesday. Cowen and Company’s target price would indicate a potential upside of 11.32% from the company’s previous close.
A number of other firms have also recently commented on PKI. Analysts at Wedbush raised their price target on shares of PerkinElmer from $47.00 to $52.00 in a research note on Wednesday, June 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PerkinElmer in a research note on Wednesday, May 14th. They now have a $47.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of PerkinElmer from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $50.00 price target on the stock, up previously from $49.00. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.62.
PerkinElmer (NYSE:PKI) traded up 1.64% on Tuesday, hitting $47.61. The stock had a trading volume of 536,126 shares. PerkinElmer has a 52 week low of $32.22 and a 52 week high of $47.72. The stock has a 50-day moving average of $45.68 and a 200-day moving average of $44.12. The company has a market cap of $5.390 billion and a P/E ratio of 31.35.
PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, April 24th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $531.90 million for the quarter, compared to the consensus estimate of $531.31 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that PerkinElmer will post $2.46 earnings per share for the current fiscal year.
In other PerkinElmer news, SVP Daniel R. Marshak unloaded 10,000 shares of PerkinElmer stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $46.60, for a total value of $466,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.