Danaher Corp. (NYSE: DHR) has a higher price-to-earnings ratio of 41.59x compared to its average ratio, The 36-month beta value for DHR is at 0.84. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for DHR is 675.54M, and currently, shorts hold a 1.14% of that float. The average trading volume for DHR on July 01, 2024 was 2.93M shares.
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DHR) stock’s latest price update
Danaher Corp. (NYSE: DHR)’s stock price has plunge by -1.82relation to previous closing price of 249.85. Nevertheless, the company has seen a -4.47% plunge in its stock price over the last five trading sessions. benzinga.com reported 2024-06-28 that Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
DHR’s Market Performance
Danaher Corp. (DHR) has seen a -4.47% fall in stock performance for the week, with a -2.95% decline in the past month and a -1.01% plunge in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.75% for DHR. The simple moving average for the past 20 days is -4.96% for DHR’s stock, with a 4.15% simple moving average for the past 200 days.
Analysts’ Opinion of DHR
Many brokerage firms have already submitted their reports for DHR stocks, with Jefferies repeating the rating for DHR by listing it as a “Buy.” The predicted price for DHR in the upcoming period, according to Jefferies is $295 based on the research report published on June 03, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see DHR reach a price target of $280. The rating they have provided for DHR stocks is “Buy” according to the report published on April 17th, 2024.
Barclays gave a rating of “Equal Weight” to DHR, setting the target price at $240 in the report published on January 24th of the current year.
DHR Trading at -3.80% 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 1.75%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.50% upper at present.
During the last 5 trading sessions, DHR fell by -4.72%, which changed the moving average for the period of 200-days by +9.31% in comparison to the 20-day moving average, which settled at $257.50. In addition, Danaher Corp. saw 6.03% 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 Blair Rainer, who sale 9,005 shares at the price of $265.00 back on May 16 ’24. After this action, Blair Rainer now owns 106,990 shares of Danaher Corp., valued at $2,386,325 using the latest closing price.
Blair Rainer, the President & CEO of Danaher Corp., sale 19,085 shares at $255.00 during a trade that took place back on May 14 ’24, which means that Blair Rainer is holding 115,995 shares at $4,866,675 based on the most recent closing price.
Stock Fundamentals for DHR
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.58 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 8.47, with 5.28 for asset returns.
Based on Danaher Corp. (DHR), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 14.8.
Currently, EBITDA for the company is 7.75 billion with net debt to EBITDA at 1.84. When we switch over and look at the enterprise to sales, we see a ratio of 8.63. The receivables turnover for the company is 6.66for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In conclusion, Danaher Corp. (DHR) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
