Pentair PT Raised to $64.00 (PNR)
Stock analysts at Credit Suisse upped their price objective on shares of Pentair (NYSE:PNR) to $64.00 in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential downside of 1.05% from the stock’s previous close.
A number of other firms have also recently commented on PNR. Analysts at Merrill Lynch initiated coverage on shares of Pentair in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Pentair in a research note to investors on Wednesday, October 16th. They set a “buy” rating and a $78.00 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Pentair in a research note to investors on Monday, October 14th. They now have a $77.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Pentair currently has a consensus rating of “Buy” and a consensus target price of $66.32.
Pentair (NYSE:PNR) traded up 0.57% during mid-day trading on Wednesday, hitting $64.80. 626,618 shares of the company’s stock traded hands. Pentair has a 1-year low of $40.30 and a 1-year high of $64.88. The stock’s 50-day moving average is $62.25 and its 200-day moving average is $57.28. The company’s market cap is $12.905 billion.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.86 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.86. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 110.8% 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. Shareholders 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 1.55%.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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