PerkinElmer Receives New Coverage from Analysts at Stifel Nicolaus (PKI)
Equities research analysts at Stifel Nicolaus initiated coverage on shares of PerkinElmer (NYSE:PKI) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
PKI has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of PerkinElmer in a research note on Monday, August 4th. They now have a $47.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PerkinElmer in a research note on Friday, August 1st. They now have a $51.00 price target on the stock, up previously from $50.00. Finally, analysts at Wedbush cut their price target on shares of PerkinElmer from $52.00 to $51.00 in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. PerkinElmer currently has a consensus rating of “Buy” and a consensus price target of $48.07.
PerkinElmer (NYSE:PKI) traded down 0.67% during mid-day trading on Monday, hitting $44.65. 295,650 shares of the company’s stock traded hands. PerkinElmer has a one year low of $35.71 and a one year high of $48.26. The stock’s 50-day moving average is $46.55 and its 200-day moving average is $45.. The company has a market cap of $5.042 billion and a P/E ratio of 26.69.
PerkinElmer (NYSE:PKI) last issued its quarterly earnings data 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. On average, analysts predict that PerkinElmer will post $2.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, October 15th.
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.