Wells Fargo & Co. Increases Parker-Hannifin Corp Price Target to $141.00 (PH)
Research analysts at Wells Fargo & Co. increased their target price on shares of Parker-Hannifin Corp (NYSE:PH) to $141.00 in a report released on Friday, American Banking and Market News reports. Wells Fargo & Co.’s price target suggests a potential upside of 10.81% from the company’s current price.
A number of other analysts have also recently weighed in on PH. Analysts at Argus upgraded shares of Parker-Hannifin Corp from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 10th. They now have a $139.00 price target on the stock, up previously from $120.79. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Parker-Hannifin Corp from a “sell” rating to a “buy” rating in a research note to investors on Friday, December 6th. They now have a $135.00 price target on the stock, up previously from $107.00. Finally, analysts at ISI Group downgraded shares of Parker-Hannifin Corp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $135.00 price target on the stock, up previously from $110.00. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Parker-Hannifin Corp currently has a consensus rating of “Buy” and a consensus price target of $108.24.
Shares of Parker-Hannifin Corp (NYSE:PH) opened at 127.83 on Friday. Parker-Hannifin Corp has a 52 week low of $84.50 and a 52 week high of $129.77. The stock has a 50-day moving average of $120.1 and a 200-day moving average of $108.. The company has a market cap of $19.077 billion and a price-to-earnings ratio of 20.20.
Parker-Hannifin Corp (NYSE:PH) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.
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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