Wolfe Research slashes price target on Danaher Corp [DHR] – find out why.

Danaher Corp [NYSE: DHR] closed the trading session at $236.26.

The stocks have a year to date performance of 2.13 percent and weekly performance of -0.14 percent. The stock has been moved at -11.79 percent over the last six months. The stock has performed -4.42 percent around the most recent 30 days and changed -10.75 percent over the most recent 3-months.

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If compared to the average trading volume of 2.66M shares, DHR reached to a volume of 3872356 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Danaher Corp [DHR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DHR shares is $290.26 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 1.57. 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.

Wolfe Research have made an estimate for Danaher Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 31, 2024. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on October 01, 2024, representing the official price target for Danaher Corp stock. Previously, the target price had yet another raise to $280, while Wells Fargo analysts kept a Equal Weight rating on DHR stock.

The Average True Range (ATR) for Danaher Corp is set at 4.69, with the Price to Sales ratio for DHR stock in the period of the last 12 months amounting to 7.19. The Price to Book ratio for the last quarter was 3.33, with the Price to Cash per share for the same quarter was set at 3.64. Price to Free Cash Flow for DHR in the course of the last twelve months was 34.06 with Quick ratio for the last quarter at 1.01.

DHR stock trade performance evaluation

Danaher Corp [DHR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.14. With this latest performance, DHR shares dropped by -4.42% in over the last four-week period, additionally sinking by -11.79% over the last 6 months – not to mention a rise of 6.36% 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 39.10, with the RSI for the last a single of trading hit 40.51, and the three-weeks RSI is set at 38.74 for Danaher Corp [DHR]. The present Moving Average for the last 50 days of trading for this stock 253.23, while it was recorded at 239.39 for the last single week of trading, and 256.21 for the last 200 days.

Danaher Corp [DHR]: An insightful look at the core fundamentals

Danaher Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.01 and a Current Ratio set at 1.37.

Earnings per share (EPS) analysis for Danaher Corp [DHR] stock

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 Corp go to 7.20%.

Danaher Corp [DHR]: Institutional Ownership

There are presently around $81.47%, or 91.54%% of DHR stock, in the hands of institutional investors. The top three institutional holders of DHR stocks are: VANGUARD GROUP INC with ownership of 60.49 million shares, which is approximately 8.1684%. BLACKROCK INC., holding 50.54 million shares of the stock with an approximate value of $$12.63 billion in DHR stocks shares; and BLACKROCK INC., currently with $$6.92 billion in DHR stock with ownership which is approximately 3.7366%.