Market Analysts see Danaher Corporation [DHR] gaining to $330. Time to buy?

Danaher Corporation [NYSE: DHR] slipped around -3.8 points on Wednesday, while shares priced at $279.80 at the close of the session, down -1.34%. The company report on June 23, 2021 that Danaher Schedules Second Quarter 2021 Earnings Conference Call.

Danaher Corporation (NYSE: DHR) announced that it will webcast its quarterly earnings conference call for the second quarter 2021 on Thursday, July 22, 2021 beginning at 8:00 a.m. ET and lasting approximately 1 hour.

The call and an accompanying slide presentation will be webcast on the “Investors” section of Danaher’s website, www.danaher.com, under the subheading “Events & Presentations.” A replay of the webcast will be available shortly after the conclusion of the presentation and will remain available until the next quarterly earnings call.

Danaher Corporation stock is now 25.96% up from its year-to-date (YTD) trading value. DHR Stock saw the intraday high of $283.535 and lowest of $273.06 per share. The company’s 52-week high price is 287.00, which means current price is +32.47% above from all time high which was touched on 07/20/21.

Compared to the average trading volume of 2.44M shares, DHR reached a trading volume of 2739111 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Danaher Corporation [DHR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DHR shares is $292.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DHR stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Danaher Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on April 07, 2021, representing the official price target for Danaher Corporation stock. Previously, the target price had yet another raise to $260, while Barclays analysts kept a Overweight rating on DHR stock.

The Average True Range (ATR) for Danaher Corporation is set at 4.99, with the Price to Sales ratio for DHR stock in the period of the last 12 months amounting to 7.94. The Price to Book ratio for the last quarter was 5.37, with the Price to Cash per share for the same quarter was set at 9.00. Price to Free Cash Flow for DHR in the course of the last twelve months was 34.51 with Quick ratio for the last quarter at 1.70.

How has DHR stock performed recently?

Danaher Corporation [DHR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.33. With this latest performance, DHR shares gained by 6.55% in over the last four-week period, additionally plugging by 18.03% over the last 6 months – not to mention a rise of 43.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DHR stock in for the last two-week period is set at 63.92, with the RSI for the last a single of trading hit 60.31, and the three-weeks RSI is set at 64.24 for Danaher Corporation [DHR]. The present Moving Average for the last 50 days of trading for this stock 260.51, while it was recorded at 282.58 for the last single week of trading, and 238.40 for the last 200 days.

Danaher Corporation [DHR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Danaher Corporation [DHR] shares currently have an operating margin of +19.35 and a Gross Margin at +55.98. Danaher Corporation’s Net Margin is presently recorded at +16.36.

Return on Total Capital for DHR is now 7.51, given the latest momentum, and Return on Invested Capital for the company is 6.39. Return on Equity for this stock inclined to 10.41, with Return on Assets sitting at 5.27. When it comes to the capital structure of this company, Danaher Corporation [DHR] has a Total Debt to Total Equity ratio set at 55.77. Additionally, DHR Total Debt to Total Capital is recorded at 35.80, with Total Debt to Total Assets ending up at 29.12. Long-Term Debt to Equity for the company is recorded at 60.22, with the Long-Term Debt to Total Capital now at 35.48.

Reflecting on the efficiency of the workforce at the company, Danaher Corporation [DHR] managed to generate an average of $52,841 per employee. Receivables Turnover for the company is 5.52 with a Total Asset Turnover recorded at a value of 0.32.Danaher Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

Earnings analysis for Danaher Corporation [DHR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DHR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Danaher Corporation go to 16.35%.

Insider trade positions for Danaher Corporation [DHR]

There are presently around $157,159 million, or 80.80% of DHR stock, in the hands of institutional investors. The top three institutional holders of DHR stocks are: VANGUARD GROUP INC with ownership of 49,098,533, which is approximately 0.736% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 45,385,243 shares of the stock with an approximate value of $12.7 billion in DHR stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $8.99 billion in DHR stock with ownership of nearly 2.507% of the company’s market capitalization.

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Positions in Danaher Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 801 institutional holders increased their position in Danaher Corporation [NYSE:DHR] by around 22,316,794 shares. Additionally, 824 investors decreased positions by around 20,408,764 shares, while 260 investors held positions by with 518,958,150 shares. The mentioned changes placed institutional holdings at 561,683,708 shares, according to the latest SEC report filing. DHR stock had 127 new institutional investments in for a total of 2,085,076 shares, while 109 institutional investors sold positions of 1,394,197 shares during the same period.

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