Can analysts adopt a bullish outlook for PerkinElmer, Inc. (NYSE:PKI)?

October 13, 2018 - By mmahotstuff

PerkinElmer, Inc. (NYSE:PKI) LogoInvestors sentiment increased to 0.9 in 2018 Q2. 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.
Kistler owns 95 shares or 0% of their US portfolio. Stone Run Capital Ltd Liability reported 44,800 shares. Manufacturers Life The accumulated 0.01% or 113,623 shares. Etrade Cap Management Lc invested in 0.01% or 6,138 shares. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma holds 26 shares. Cibc World Markets Corp reported 0.02% of its portfolio in PerkinElmer, Inc. (NYSE:PKI). Gateway Investment Advisers Limited Liability Company owns 5,071 shares for 0% of their portfolio. Elk Creek Ltd Llc holds 0.31% or 76,810 shares in its portfolio. Trust Of Vermont holds 0% or 306 shares. Commercial Bank has invested 0.01% in PerkinElmer, Inc. (NYSE:PKI). West Oak Cap Ltd Limited Liability Company invested in 3,500 shares. Polar Capital Llp stated it has 0.07% of its portfolio in PerkinElmer, Inc. (NYSE:PKI). Riverhead Cap Mngmt Lc invested in 0.02% or 6,795 shares. Quantitative Systematic Strategies Llc holds 0.43% or 32,278 shares. Prelude Mngmt Limited Liability Corporation reported 1,104 shares stake.

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. The insider Tereau Daniel R sold $89,012.

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. On Tuesday, May 1 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, September 5. The rating was maintained by Bank of America with “Neutral” on Tuesday, May 1. The company was maintained on Tuesday, May 1 by Robert W. Baird. The firm has “Neutral” rating given on Thursday, August 2 by Bank of America. Morgan Stanley maintained PerkinElmer, Inc. (NYSE:PKI) rating on Thursday, August 2. Morgan Stanley has “Overweight” rating and $95 target. On Thursday, August 2 the stock rating was maintained by Barclays Capital with “Underweight”. Morgan Stanley maintained the shares of PKI in report on Wednesday, October 10 with “Overweight” 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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