Parker-Hannifin Corp Price Target Increased to $125.00 by Analysts at BMO Capital Markets (PH)
Analysts at BMO Capital Markets hoisted their price objective on shares of Parker-Hannifin Corp (NYSE:PH) from $118.00 to $125.00 in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 8.64% from the stock’s previous close.
Parker-Hannifin Corp (NYSE:PH) traded up 2.36% on Monday, hitting $115.06. The stock had a trading volume of 2,019,493 shares. Parker-Hannifin Corp has a 1-year low of $75.80 and a 1-year high of $115.56. The stock has a 50-day moving average of $106.7 and a 200-day moving average of $99.63. The company has a market cap of $17.171 billion and a price-to-earnings ratio of 17.84.
Parker-Hannifin Corp (NYSE:PH) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.13. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company posted $1.57 earnings per share. Parker-Hannifin Corp’s revenue was up .5% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Parker-Hannifin Corp from $112.00 to $118.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Robert W. Baird upgraded shares of Parker-Hannifin Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $122.00 price target on the stock, up previously from $101.00. Finally, analysts at Zacks downgraded shares of Parker-Hannifin Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 4th. They now have a $99.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Parker-Hannifin Corp currently has a consensus rating of “Hold” and an average target price of $97.13.
Parker-Hannifin Corporation (NYSE:PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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