Revvity (NYSE:RVTY) Upgraded to Hold at Sanford C. Bernstein

Revvity (NYSE:RVTY) was upgraded by equities research analysts at Sanford C. Bernstein to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

RVTY has been the topic of several other reports. Robert W. Baird set a $117.00 target price on shares of Revvity in a research report on Wednesday, May 6th. TD Cowen increased their price target on shares of Revvity from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Revvity from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Wolfe Research assumed coverage on shares of Revvity in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, Weiss Ratings raised shares of Revvity from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.33.

Revvity Stock Performance

Shares of RVTY stock opened at $112.98 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $97.46 and a 200-day simple moving average of $97.75. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 54.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. Revvity has a 12-month low of $81.22 and a 12-month high of $118.30.

Revvity (NYSE:RVTY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Revvity had a return on equity of 8.00% and a net margin of 8.26%.The firm had revenue of $711.12 million for the quarter, compared to the consensus estimate of $704.07 million. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Revvity has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities analysts forecast that Revvity will post 5.25 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RVTY. Ascentis Independent Advisors acquired a new position in shares of Revvity during the 1st quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new stake in Revvity in the 2nd quarter valued at about $32,000. Cromwell Holdings LLC grew its stake in Revvity by 141.4% in the 4th quarter. Cromwell Holdings LLC now owns 338 shares of the company’s stock valued at $33,000 after acquiring an additional 198 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Revvity during the 2nd quarter valued at about $34,000. Finally, SJS Investment Consulting Inc. increased its holdings in Revvity by 5,210.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 531 shares of the company’s stock valued at $47,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

About Revvity

Revvity, Inc is a global provider of technology-enabled solutions for the life sciences, diagnostics and applied markets. The company develops and supplies a range of products and services, including reagents and consumables, laboratory instruments, workflow automation, software analytics and technical support. Its portfolio supports applications in drug discovery, genomics, cell biology research, environmental and food safety testing, industrial quality control and clinical diagnostics.

Tracing its heritage to Perkin-Elmer, founded in 1937, Revvity began trading on the New York Stock Exchange under the ticker symbol RVTY in January 2024 following a corporate rebranding.