PerkinElmer (PKI) Receives a Hold from Needham

By Carrie Williams

In a report released today, Stephen Unger from Needham maintained a Hold rating on PerkinElmer (PKIResearch Report). The company’s shares closed last Monday at $87.11.

According to TipRanks.com, Unger is a 4-star analyst with an average return of 8.6% and a 55.9% success rate. Unger covers the Healthcare sector, focusing on stocks such as Myriad Genetics, Genomic Health, and Thermo Fisher.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PerkinElmer with a $87.50 average price target, a 1.0% upside from current levels. In a report issued on October 31, Piper Jaffray also downgraded the stock to Hold with a $89.00 price target.

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The company has a one-year high of $103.00 and a one-year low of $71.83. Currently, PerkinElmer has an average volume of 669.9K.

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PerkinElmer, Inc. engages in the provision of products, services, and solutions for diagnostics, food, environmental, life sciences, and applied markets. It operates through the following two segments: Discovery & Analytical Solutions, and Diagnostics.