BTIG Research Assumes PerkinElmer to Neutral

Brokerage firm BTIG Research Assumes its rating on PerkinElmer(NYSE:PKI). The shares have been rated Neutral. The rating by BTIG Research was issued on Jul 22, 2016.

PerkinElmer (PKI) shares turned negative on Thursdays trading session with the shares closing down -0.22 points or -0.39% at a volume of 4,67,837. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.91. The peak price level was also seen at $55.91 while the days lowest was $55.08. Finally the shares closed at $55.59. The 52-week high of the shares is $56.19 while the 52-week low is $39.5. According to the latest information available, the market cap of the company is $6,061 M.

PerkinElmer(PKI) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $538.86M. Analysts had an estimated revenue of $532.73M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.51.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Alexis P Michas (director) sold 1,953 shares at $54.85 per share price.Also, On May 26, 2016, Robert F Friel (President and CEO) sold 128,300 shares at $55.01 per share price.On May 12, 2016, Vicki L Sato (director) sold 12,586 shares at $54.27 per share price, according to the Form-4 filing with the securities and exchange commission.

PerkinElmer Inc. is a provider of products services and solutions to the diagnostics research environmental industrial and laboratory services markets. The Company operates its business in two segments: Human Health and Environmental Health. The Company’s Human Health segment concentrates on developing diagnostics tools and applications to help detect diseases earlier and more accurately and to accelerate the discovery and development of new therapies. The Company’s Environmental Health segment provides products services and solutions to facilitate the creation of safer food and consumer products more secure surroundings and efficient energy resources. The Company markets its products and services in more than 150 countries.

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