Parker-Hannifin Corp (PH) Posts Quarterly Results
Parker-Hannifin Corp (NYSE:PH) released its earnings data on Wednesday. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.43, Analyst Ratings Network.com reports. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.15 billion.
Parker-Hannifin Corp (NYSE:PH) opened at 126.82 on Wednesday. Parker-Hannifin Corp has a 1-year low of $84.50 and a 1-year high of $129.77. The stock has a 50-day moving average of $124.3 and a 200-day moving average of $111.6. The company has a market cap of $18.926 billion and a price-to-earnings ratio of 20.23.
A number of analysts have recently weighed in on PH shares. Analysts at Stifel Nicolaus raised their price target on shares of Parker-Hannifin Corp from $125.00 to $140.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Parker-Hannifin Corp from $122.00 to $138.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Parker-Hannifin Corp in a research note to investors on Friday, January 3rd. They now have a $134.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $112.53.
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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