Pentair Given “Buy” Rating at Sanford C. Bernstein (PNR)
Pentair (NYSE:PNR)‘s stock had its “buy” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Monday, American Banking News.com reports. They currently have a $77.00 price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 15.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Pentair from $58.00 to $65.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Pentair 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. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Pentair in a research note to investors on Monday, August 5th. They set an “overweight” rating and a $62.53 price target on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.28.
Shares of Pentair (NYSE:PNR) traded down 1.21% on Monday, hitting $65.59. The stock had a trading volume of 160,468 shares. Pentair has a 52-week low of $40.30 and a 52-week high of $66.60. The stock has a 50-day moving average of $63.91 and a 200-day moving average of $59.14. The company’s market cap is $13.062 billion.
Pentair (NYSE:PNR) last released its earnings data 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. Analysts expect that Pentair will post $3.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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