Danaher (DHR) Hits New Lifetime High Today
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Danaher as such a stock due to the following factors:
- DHR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $215.2 million.
- DHR has traded 120,510 shares today.
- DHR is trading at a new lifetime high.
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More details on DHR:
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The stock currently has a dividend yield of 0.7%. DHR has a PE ratio of 25. Currently there are 12 analysts that rate Danaher a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Danaher has been 2.5 million shares per day over the past 30 days. Danaher has a market cap of $68.0 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.4% year-to-date as of the close of trading on Monday.
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Analysis:
rates Danaher as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- DHR's revenue growth has slightly outpaced the industry average of 11.5%. Since the same quarter one year prior, revenues rose by 14.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- DANAHER CORP has improved earnings per share by 39.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, DANAHER CORP increased its bottom line by earning $3.68 versus $3.56 in the prior year. This year, the market expects an improvement in earnings ($4.93 versus $3.68).
- The gross profit margin for DANAHER CORP is rather high; currently it is at 58.89%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.07% is above that of the industry average.
- Net operating cash flow has increased to $772.80 million or 47.59% when compared to the same quarter last year. In addition, DANAHER CORP has also vastly surpassed the industry average cash flow growth rate of -52.60%.
- You can view the full Danaher Ratings Report.
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