Pentair Ltd. Sets New 1-Year High at $65.18 (PNR)
Pentair (NYSE:PNR) set a new 52-week high on Monday, ARN reports. The company traded as high as $65.18 and last traded at $64.39, with a volume of 251,630 shares. The stock had previously closed at $64.09.
A number of research firms have recently commented on PNR. Analysts at Sanford C. Bernstein raised their price target on shares of Pentair (NYSE:PNR) from $65.00 to $77.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Pentair (NYSE:PNR) in a research note to investors on Monday, August 5th. They set an “overweight” rating and a $62.53 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Pentair (NYSE:PNR) in a research note to investors on Monday, August 5th. They set an “overweight” rating on the stock.
Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pentair currently has a consensus rating of “Buy” and a consensus target price of $62.05.
Pentair has a 52 week low of $40.30 and a 52 week high of $65.18. The stock’s 50-day moving average is $62.36 and its 200-day moving average is $57.41. The company’s market cap is $12.815 billion.
Pentair (NYSE:PNR) last announced its earnings results on Tuesday, July 23rd. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 108.5% on a year-over-year basis. On average, analysts predict that Pentair will post $3.21 earnings per share for the current fiscal year.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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