Danaher Corp. (DHR) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DHR, as the stock is now down 8.2% since June 20.
Although this slump was obviously disappointing, the diversified operations company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for DHR. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
DHR currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Diversified Operations industry include Noble Group Limited (NOBGY), China Merchants Holdings (International) Company Limited (CMHHY) and iShares 10+ Year Credit Bond (CLY). While Nobel Group carries a Zacks Rank #1 (Strong Buy), iShares and China Merchants hold a Zacks Rank #2 (Buy).
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DANAHER CORP DEL (DHR): Free Stock Analysis Report
NOBLE GROUP LTD ADR (NOBGY): Free Stock Analysis Report
CHINA MERCH HDG ADR (CMHHY): Free Stock Analysis Report
Read the analyst report on CLY
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