Pentair Ltd. Sets New 1-Year High at $66.56 (PNR)
Pentair (NYSE:PNR) set a new 52-week high during trading hours on Friday, AnalystRatings.Net reports. The company traded as high as $66.56 and last traded at $66.38, with a volume of 512,878 shares. The stock had previously closed at $65.58.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Pentair (NYSE:PNR) from $65.00 to $70.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Separately, 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. 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 and a $62.53 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.45.
Pentair has a 52 week low of $40.30 and a 52 week high of $66.49. The stock’s 50-day moving average is $63.36 and its 200-day moving average is $58.62. The company’s market cap is $13.206 billion.
Pentair (NYSE:PNR) last posted its quarterly 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 last year, the company posted $0.83 earnings per share. Pentair’s revenue was up 108.5% compared to the same quarter last year. 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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