Stock To Watch: PerkinElmer, Inc. (NYSE:PKI)


The leading market experts have placed a mean price target of $56.00 on PerkinElmer, Inc. (NYSE:PKI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.92 a share for the upcoming quarter and $2.80 for the current fiscal.

Technical View

The technical analysis of PerkinElmer, Inc. Common Stock plainly substantiates that the 50-day moving average of PerkinElmer, Inc. Common Stock is $55.12, and stock is trading $-0.64 points away or -1.16% from its 50-day moving average of $55.12. Further it is trading $2.56 or +4.93% away its 200-day moving average of $51.92. PerkinElmer, Inc. (NYSE:PKI) 52-week high is $57.28 and the 52-week low is $39.50.

This explains if the stock moves $-2.80, it will post a 52-week high. In event of +37.92% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of PerkinElmer, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, PerkinElmer, Inc. (NYSE:PKI) ratio came in at 26.03.

The stock last ended the trading session at $54.48 and registered a market cap of $5.96B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. PerkinElmer, Inc. (NYSE:PKI) PEG ratio is at 2.04.

1 Chart Pattern Every Investor Should Know

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