PerkinElmer Given Average Recommendation of “Buy” by Analysts (NYSE:PKI)
Shares of PerkinElmer (NYSE:PKI) have received an average rating of “Buy” from the seventeen ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $48.38.
Shares of PerkinElmer (NYSE:PKI) traded up 0.71% on Wednesday, hitting $45.21. 61,961 shares of the company’s stock traded hands. PerkinElmer has a 52-week low of $36.20 and a 52-week high of $48.26. The stock has a 50-day moving average of $45.74 and a 200-day moving average of $45.28. The company has a market cap of $5.105 billion and a P/E ratio of 26.66.
PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, August 7th. The company reported $0.59 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.51 earnings per share. PerkinElmer’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that PerkinElmer will post $2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Investors 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.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of PerkinElmer in a research note on Monday, August 11th. They set a “buy” rating and a $53.00 price target on the stock. Separately, 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. Finally, 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.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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