Time to Get Greedy or Fearful With Danaher Corporation's Stock?
Danaher Corporation's (NYSE: DHR) third-quarter earnings saw the company return to form by generating core margin expansion and 3% core revenue growth. On a reported basis, revenue increased 9.5% and adjusted diluted EPS increased 15% in the quarter. Moreover, Danaher shrugged off the negative impact of hurricanes in reporting its strongest quarter of the year. Let's look at the quarter and what it's changed about the investment thesis for the stock.
Danaher's dental segment is facing a difficult fourth quarter. Image source: Getty Images.
On the 2017 outlook meeting in December, CEO Tom Joyce had set a full-year 2017 target of 3%-4% core revenue growth, but a growth rate of just 2.5% and 2% in the first and second quarter suggested Danaher would miss the target.
Source: Fool.com
Danaher Corp. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 246 € shows a slightly positive potential of 1.63% compared to the current price of 242.05 € for Danaher Corp..
