Pentair Now Covered by Nomura (PNR)
Stock analysts at Nomura initiated coverage on shares of Pentair (NYSE:PNR) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $85.00 price target on the stock. Nomura’s price target indicates a potential upside of 21.41% from the company’s current price.
The analysts wrote, “Over the last 10+ years Pentair has transformed itself from a diversified holding company to a flow-focused operating company, but it has taken time for PIMS (Pentair Integrated Management System) to become implemented and institutionalized in the company culture. Both Pentair Water and Tyco Flow have had a history of underachieving margin potential, in our view, so when these two businesses came together in the new Pentair we were initially skeptical that Pentair was up to the task of finally realizing the upside margin (and growth) potential in these businesses. We see four key reasons to be more positive now. Our $85 price target is based on 17x our 2015 EPS estimate of $5.”
Pentair (NYSE:PNR) opened at 70.01 on Monday. Pentair has a 52 week low of $47.31 and a 52 week high of $72.30. The stock’s 50-day moving average is $69.22 and its 200-day moving average is $63.57. The company has a market cap of $13.955 billion and a price-to-earnings ratio of 136.21.
Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 22nd. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.64 earnings per share. Pentair’s revenue was up 110.8% compared to the same quarter last year. On average, analysts predict that Pentair will post $3.20 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PNR. Analysts at BB&T Corp. initiated coverage on shares of Pentair in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Pentair from $78.00 to $82.00 in a research note to investors on Wednesday, November 20th. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of Pentair in a research note to investors on Wednesday, November 20th. They set a “sector perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.10.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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