Market Update: Danaher Corporation (NYSE:DHR) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co.

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 25, 2016 / Park Lane Advisor has initiated coverage on the following equities: General Electric Company (NYSE: GE), Danaher Corporation (NYSE: DHR), Honeywell International … Read more on this. Danaher Corp. (DHR) , valued at $58.35B, started trading this morning at $85.37. Looking at today’s trading action, the company’s one day range from $84.72 to $85.43 and has traded between $81.59 and $97.62 over the past 12 months. DHR shares are currently priced at 19.80x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 16.04x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.54 per share annually in dividends, yielding 0.63%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.27 per share, which would be $0.23 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.31, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.01 Billion. If realized, that would be a 10.89% increase over the year-ago quarter. More recently, Sterne Agee CRT Initiated DHR at Neutral (Sep 9, 2015). Previously, Morgan Stanley upgraded DHR from Equal-Weight to Overweight. Investors should keep in mind is that the average price target is $100.25, which is 17.43% above where the stock opened this morning. See more in (NYSE:DHR) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co. Company Update: Danaher Corporation (NYSE:DHR) – Danaher Announces New Diversified Industrial Growth Company To Be Named Fortive Corporation Stock Update: Danaher Corporation (NYSE:DHR) – Danaher Completes Acquisition Of Pall Corporation
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