Are Analysts Bullish PerkinElmer, Inc. (NYSE:PKI) After Last Week?

October 13, 2018 - By Linda Rogers

PerkinElmer, Inc. (NYSE:PKI) LogoInvestors sentiment increased to 0.9 in Q2 2018. Its up 0.10, from 0.8 in 2018Q1. It is positive, as 31 investors sold PerkinElmer, Inc. shares while 114 reduced holdings. 47 funds opened positions while 83 raised stakes. 105.07 million shares or 1.79% more from 103.22 million shares in 2018Q1 were reported.
Oakbrook Limited Liability Corp has invested 0.02% in PerkinElmer, Inc. (NYSE:PKI). Park National Corporation Oh invested in 6,837 shares. M&T Comml Bank Corporation reported 0.01% of its portfolio in PerkinElmer, Inc. (NYSE:PKI). State Bank Of Nova Scotia stated it has 0% in PerkinElmer, Inc. (NYSE:PKI). 6,949 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). Cadence Capital Limited Liability Corporation holds 0.08% or 17,694 shares in its portfolio. Suntrust Banks reported 0.01% in PerkinElmer, Inc. (NYSE:PKI). Aqr Cap Mngmt Limited Liability Company owns 68,795 shares. Ameriprise Inc accumulated 762,827 shares or 0.02% of the stock. First Ltd Partnership reported 151,002 shares or 0.02% of all its holdings. Shell Asset Mgmt has 12,525 shares. Cap Investors owns 0% invested in PerkinElmer, Inc. (NYSE:PKI) for 200,000 shares. Great Lakes Ltd Limited Liability Company owns 117,611 shares. Chevy Chase Tru Inc reported 0.03% stake. Retirement Sys Of Alabama, a Alabama-based fund reported 51,915 shares.

Since April 18, 2018, it had 0 insider buys, and 5 insider sales for $1.34 million activity. $249,156 worth of PerkinElmer, Inc. (NYSE:PKI) shares were sold by LOPARDO NICHOLAS A. Another trade for 4,175 shares valued at $393,870 was made by Corbett James on Monday, September 10.

PerkinElmer, Inc. (NYSE:PKI) Ratings Coverage

Among 4 analysts covering PerkinElmer (NYSE:PKI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. PerkinElmer had 8 analyst reports since May 1, 2018 according to SRatingsIntel. The firm has “Underweight” rating given on Thursday, August 2 by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Tuesday, May 1. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, August 2 report. The company was maintained on Wednesday, October 10 by Morgan Stanley. As per Wednesday, September 5, the company rating was upgraded by Barclays Capital. The stock has “Overweight” rating by Morgan Stanley on Tuesday, May 1. As per Thursday, August 2, the company rating was maintained by Bank of America. Robert W. Baird maintained the shares of PKI in report on Tuesday, May 1 with “Outperform” rating. Below is a list of PerkinElmer, Inc. (NYSE:PKI) latest ratings and price target changes.

10/10/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $95 New Target: $100 Maintain
05/09/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal-Weight Old Target: $79 New Target: $90 Upgrade
02/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $83 New Target: $86 Maintain
02/08/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $73 New Target: $79 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $90 New Target: $95 Maintain
01/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $85 New Target: $90 Maintain
01/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $86 New Target: $83 Maintain
01/05/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $88 New Target: $82 Maintain

The stock increased 2.68% or $2.27 during the last trading session, reaching $86.96. About 701,483 shares traded or 10.49% up from the average. PerkinElmer, Inc. (NYSE:PKI) has risen 38.46% since October 13, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, research, environmental, industrial, food, and laboratory services markets worldwide. The company has market cap of $9.63 billion. The firm operates through two divisions, Discovery and Analytical Solutions and Diagnostics. It has a 68.85 P/E ratio. The Discovery and Analytical Solutions segment develops and provides analytical technologies, solutions, and services that enable its clients to understand the characterization and health of various aspects, including air, water, and soil.

More news for PerkinElmer, Inc. (NYSE:PKI) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in NiSource, Radian Group, Abraxas Petroleum, Plains All American Pipeline …” on October 12, 2018. Seekingalpha.com‘s article titled: “Premarket analyst action – healthcare” and published on October 09, 2018 is yet another important article.

PerkinElmer, Inc. (NYSE:PKI) Institutional Positions Chart

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