Analyst Ratings for PerkinElmer Inc. (PKI)

Updated: 2017-07-26

Shares of PerkinElmer Inc. (NYSE:PKI) have received a consensus rating of Hold from Wall Street analysts. PKI had previously received a consensus rating of Hold a month ago.

A buy rating was issued by 4 analysts, 1 issued an overweight rating, 7 issued a hold rating, 1 issued an underweight rating, and 3 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for PKI. The maximum price target given was 80, implying a possible profit of 21.04 percent. The lowest price target was 43, which equates to a potential downside of -34.94 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0.76 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.24 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of PKI's earnings is estimated by analysts to be 35.69 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. PKI has a PEG ratio of 0.91.

In the trailing 52-weeks, PKI hit 70.16 at the highest peak, while it's lowest trading point was 45.35. Currently the stock is 45.74 percent higher than its low, and 5.79 percent below the high. PKI has a P/E ratio of 32.39. Investors typically compare the P/E ratio to a company's peers in the industry. The PKI value stock report compares PKI to some of its peers using value stock charts. The stock has a market capitalization of $7.51 billion. PKI's next earnings release will be on 0000-00-00, which is days away.