Danaher Stock: Buy at the High?
Just about everything went right with life science and diagnostics company Danaher's (NYSE: DHR) first quarter. The company easily beat its guidance, raised its full-year outlook, and provided evidence that it could continue to grow strongly even after the peak of the COVD-19 pandemic has passed. There's a lot to like about Danaher in 2021 and beyond. But, trading at an all-time high, is the stock a good value?
Every once in a while, a company delivers a set of earnings showing a company firing on all cylinders. All revenue, both related and not related to COVID-19, was substantially ahead of expectations, and management raised its full-year guidance for both. A favorable margin mix and the benefit of the acquisition of Cytiva, the former General Electric biopharma business, led to a 186% increase in operating profit on the back of a 58% increase in revenue.
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Source Fool.com
