The price-to-earnings ratio for Danaher Corp. (NYSE: DHR) is above average at 36.98x, Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for DHR is 675.23M, and currently, short sellers hold a 0.94% ratio of that floaft. The average trading volume of DHR on April 23, 2024 was 2.67M shares.
DHR) stock’s latest price update
Danaher Corp. (NYSE: DHR) has seen a rise in its stock price by 0.24 in relation to its previous close of 235.51. However, the company has experienced a -1.49% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-19 that Danaher (DHR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
DHR’s Market Performance
DHR’s stock has fallen by -1.49% in the past week, with a monthly drop of -7.10% and a quarterly rise of 1.77%. The volatility ratio for the week is 1.83% while the volatility levels for the last 30 days are 1.69% for Danaher Corp. The simple moving average for the last 20 days is -3.42% for DHR stock, with a simple moving average of 3.63% for the last 200 days.
Analysts’ Opinion of DHR
Many brokerage firms have already submitted their reports for DHR stocks, with HSBC Securities repeating the rating for DHR by listing it as a “Buy.” The predicted price for DHR in the upcoming period, according to HSBC Securities is $280 based on the research report published on April 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see DHR reach a price target of $240. The rating they have provided for DHR stocks is “Equal Weight” according to the report published on January 24th, 2024.
DHR Trading at -5.08% from the 50-Day Moving Average
After a stumble in the market that brought DHR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.85% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -7.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.98% lower at present.
During the last 5 trading sessions, DHR fell by -1.49%, which changed the moving average for the period of 200-days by +13.61% in comparison to the 20-day moving average, which settled at $243.51. In addition, Danaher Corp. saw 2.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DHR starting from Raskas Daniel, who sale 23,757 shares at the price of $252.00 back on Feb 26 ’24. After this action, Raskas Daniel now owns 38,102 shares of Danaher Corp., valued at $5,986,764 using the latest closing price.
LOHR WALTER G, the Director of Danaher Corp., sale 3,289 shares at $251.15 during a trade that took place back on Feb 15 ’24, which means that LOHR WALTER G is holding 14,129 shares at $826,032 based on the most recent closing price.
Stock Fundamentals for DHR
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.59 for the gross margin
The net margin for Danaher Corp. stands at 0.2. The total capital return value is set at 0.06. Equity return is now at value 9.28, with 5.69 for asset returns.
Based on Danaher Corp. (DHR), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 16.33.
Currently, EBITDA for the company is 7.75 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 7.89. The receivables turnover for the company is 6.09for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In a nutshell, Danaher Corp. (DHR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
