Price Target Update on Danaher Corporation (NYSE:DHR)

Danaher Corporation (NYSE:DHR) : 14 Wall Street analysts covering Danaher Corporation (NYSE:DHR) believe that the average level the stock could reach for the short term is $103.36. The maximum price target given is $115 and the minimum target for short term is around $92, hence the standard deviation is calculated at $6.02.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Citigroup maintains its rating on Danaher Corporation (NYSE:DHR).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $102 per share to $104 per share. The rating by the firm was issued on June 13, 2016.

Danaher Corporation (NYSE:DHR): stock turned positive on Thursday. Though the stock opened at $99.89, the bulls momentum made the stock top out at $100.44 level for the day. The stock recorded a low of $99.542 and closed the trading day at $100.44, in the green by 1.41%. The total traded volume for the day was 2,343,924. The stock had closed at $99.04 in the previous days trading.

The company shares have rallied 15.93% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $100.50 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $98.50 and the 200 Day Moving Average price is recorded at $92.90. On the companys insider trading activities,The officer (SVP, Human Resources) of Danaher Corp /De/, Lalor Angela S sold 8,392 shares at $97.77 on May 12, 2016. The Insider selling transaction had a total value worth of $820,486. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products. The Environmental segment products and services help protect the global water supply, facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments, reagents, consumables, software and services. The Dental segment provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply, improve packaging design and quality, verify pharmaceutical dosages and authenticity and power innovative machines.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.