The trading price of Danaher Corp. (NYSE:DHR) closed higher on Tuesday, April 23, closing at $253.11, 7.21% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 39.65. In examining the 52-week price action we see that the stock hit a 52-week high of $259.00 and a 52-week low of $182.09. Over the past month, the stock has lost -0.66% in value.
Danaher Corp., whose market valuation is $187.44 billion at the time of this writing. The dividend yield on the company stock is 0.41%, while its Forward Dividend ratio is 1.05. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Danaher Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DHR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 11.66, which symbolizes a positive outlook. A quick review shows that DHR’s price is currently 3.94% off the SMA20 and 1.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.99, and weekly volatility stands at 2.16%. When measured over the past 30 days, the indicator reaches 1.77%. Danaher Corp. (NYSE:DHR)’s beta value is currently sitting at 0.85, while the Average True Range indicator is currently displaying 5.61.
To see how Danaher Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: DHR stock’s performance was 7.21% in the latest trading, and 12.95% in the past year. Danaher Corp. has a P/E ratio of 39.65.
An evaluation of the daily trading volume of Danaher Corp. (NYSE:DHR) indicates that the 3-month average is 2.68 million.
Currently, records show that 739.20 million of the company’s shares remain outstanding. The insiders hold 8.82% of outstanding shares, whereas institutions hold 81.80%. However, since the stock’s price has seen 9.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
