Danaher Corporation (NYSE: DHR) is -16.61% lower on its value in year-to-date trading and has touched a low of $233.71 and a high of $331.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DHR stock was last observed hovering at around $278.94 in the last trading session, with the day’s loss setting it -4.57% off its average median price target of $325.00 for the next 12 months. It is also 21.61% off the consensus price target high of $350.00 offered by 24 analysts, but current levels are 0.23% higher than the price target low of $275.00 for the same period.
Currently trading at $274.37, the stock is -2.24% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.64% at the moment leaves the stock -1.29% off its SMA200. DHR registered -15.35% loss for a year compared to 6-month gain of -5.15%.
The stock witnessed a -6.18% loss in the last 1 month and extending the period to 3 months gives it a 12.51%, and is -2.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.49% over the month.
Danaher Corporation (DHR) has around 78000 employees, a market worth around $203.08B and $30.82B in sales. Current P/E ratio is 32.31 and Fwd P/E is 25.47. Profit margin for the company is 20.10%. Distance from 52-week low is 17.40% and -17.28% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
Danaher Corporation (DHR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Danaher Corporation (DHR) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 3 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Danaher Corporation is expected to release its quarterly report on 10/20/2022.The EPS is expected to grow by 73.90% this year.
Danaher Corporation (DHR) Top Institutional Holders
The shares outstanding are 726.70M, and float is at 646.96M with Short Float at 0.64%.
Danaher Corporation (DHR) Insider Activity
A total of 28 insider transactions have happened at Danaher Corporation (DHR) in the last six months, with sales accounting for 11 and purchases happening 17 times. The most recent transaction is an insider sale by Blair Rainer,the company’sPresident & CEO. SEC filings show that Blair Rainer sold 25,000 shares of the company’s common stock on Aug 15 at a price of $300.00 per share for a total of $7.5 million. Following the sale, the insider now owns 79739.0 shares.
Danaher Corporation disclosed in a document filed with the SEC on Jul 25 that Weidemanis Joakim (Executive Vice President) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Jul 25 and was made at $271.13 per share for $3.25 million. Following the transaction, the insider now directly holds 74398.0 shares of the DHR stock.
Still, SEC filings show that on Jul 22, LOHR WALTER G (Director) disposed off 3,906 shares at an average price of $273.84 for $1.07 million. The insider now directly holds 12,115 shares of Danaher Corporation (DHR).
Danaher Corporation (DHR): Who are the competitors?
The company’s main competitors (and peers) include Rogers Corporation (ROG) that is trading 32.16% up over the past 12 months. Thermo Fisher Scientific Inc. (TMO) is -9.83% down on the 1-year trading charts.