An Estimate Of Target Price: Danaher Corporation (DHR), Delek US Holdings, Inc. (DK)

DHR trading volume has lost -1173841 shares compared to readings over the past three months as it recently exchanged 1526159 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2700000 shares, and this is 0.57 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.45 point.

Danaher Corporation (NYSE:DHR) climbed by 5.39% over the past three months which led to its overall six-month increase to stand at 7.84%. The equity price rose 0.08% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 4.1% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 19.01% and is now up by 6.36% since start of this year.

The shares of Danaher Corporation dropped by -1.28% or -$1.42 from its last recorded high of $111.1 which it attained on January 31 to close at $109.68 per share. Over the past 52 weeks, the shares of Danaher Corporation has been trading as low as $91.84 before witnessing a massive surge by 19.43% or $17.84. This price movement has led to the DHR stock receiving more attention and has become one to watch out for. It jumped by 0.39% on Monday and this got the market excited. The stock’s beta now stands at 1.01 and when compared to its 200-day moving average and its 50-day moving average, DHR price stands 6.9% above and 5.17% above respectively. Its average daily volatility for this week is 1.3% which is less than the 1.63% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Danaher Corporation (DHR) with most of them predicting a $115.27 price target on a short-term (12 months) basis. The average price target by the analysts will see a 5.1% rise in the stock and would lead to DHR’s market cap to surge to $80.31B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 18 analysts that track Danaher Corporation (NYSE:DHR) and find out that 3 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Delek US Holdings, Inc. (NYSE:DK) currently stands at $32.77 after it went up by $0.65 or 2.02% and has found a strong support at $32.02 a share. If the DK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $31.26 mark would also be bad for the stock as it means that the stock would plunge by 4.61% from its current position. However, if the stock price is able to trade above the resistance point around $33.33, then it could likely surge higher to try and break the upward resistance which stands at $33.88 a share. Its average daily volatility over the past one month stands at 3.75%. The stock has plunged by 2.9% from its 52-weeks high of $31.82 which it reached on Apr. 06, 2018. In general, it is 9.95% above its 52-weeks lowest point which stands at $29.51 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Delek US Holdings, Inc. (DK) for 1 year and it stands at an average $46.5/share. This means that it would likely increase by 41.9% from its current position. The current price of the stock has been moving between $31.82 and $33.13. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $34. On the other hand, one analyst is super bullish about the price, setting a target as high as $60.

The DK stock Stochastic Oscillator (%D) is at 73.78%, which means that it is currently neutral. The shares P/S ratio stands at 0.27 which compares to the 0.87 recorded by the industry or the 10.36 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 6.48, which is lower than the 10.41 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -17.3% over the past five years.

Analysts view Delek US Holdings, Inc. (NYSE:DK) as a Hold, with 2.3 consensus rating. Reuters surveyed 16 analysts that follow DK and found that 7 of those analysts rated the stock as a Hold. The remaining 9 were divided, with 9 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Delek US Holdings, Inc. (DK) shares or sell it if they already own it.