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Shares of PerkinElmer (NYSE:PKI) saw unusually-high trading volume on Friday after Leerink Swann raised their price target on the stock from $50.00 to $51.00, AnalystRatings.Net reports. Approximately 1,718,121 shares were traded during trading, an increase of 133% from the previous session’s volume of 738,056 shares.The stock last traded at $44.21 and had previously closed at $46.22.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company cut their price target on shares of PerkinElmer from $53.00 to $49.00 in a research note on Friday. Separately, analysts at Citigroup Inc. initiated coverage on shares of PerkinElmer in a research note on Thursday, July 17th. They set a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. PerkinElmer presently has an average rating of “Buy” and an average target price of $48.07.

The stock’s 50-day moving average is $46.87 and its 200-day moving average is $44.95. The company has a market cap of $5.043 billion and a price-to-earnings ratio of 30.94.

PerkinElmer (NYSE:PKI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The company had revenue of $556.20 million for the quarter, compared to the consensus estimate of $572.26 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that PerkinElmer will post $2.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, November 7th. Stockholders of record on Friday, October 17th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, October 15th.

PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.

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