Goldman Sachs Group Inc. boosted their target price on shares of PerkinElmer (NYSE:PKI) from $43.00 to $45.00 in a research note issued on Friday, American Banking & Market News reports. The firm currently has a “conviction-buy” rating on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 18.08% from the stock’s previous close.
PKI has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of PerkinElmer (NYSE:PKI) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $40.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of PerkinElmer (NYSE:PKI) from $40.00 to $43.00 in a research note to investors on Tuesday, September 17th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of PerkinElmer (NYSE:PKI) in a research note to investors on Monday, September 16th. They set an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.53.
PerkinElmer (NYSE:PKI) traded down 0.50% on Friday, hitting $37.92. The stock had a trading volume of 164,829 shares. PerkinElmer has a 52-week low of $27.76 and a 52-week high of $39.05. The stock’s 50-day moving average is $37.20 and its 200-day moving average is $34.30. The company has a market cap of $4.248 billion and a P/E ratio of 59.09.
PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, August 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.03. The company had revenue of $543.30 million for the quarter, compared to the consensus estimate of $532.95 million. During the same quarter last year, the company posted $0.53 earnings per share. PerkinElmer’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that PerkinElmer will post $2.07 EPS for the current fiscal year.
PerkinElmer, Inc is a provider of technology, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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