Pentair EPS Estimates Raised by Analysts at UBS AG (PNR)
Equities research analysts at UBS AG boosted their EPS estimates on shares of Pentair (NYSE:PNR) in a research note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has a “neutral” rating and a $80.00 price target on the company’s shares. UBS AG’s target price indicates a potential upside of 6.95% from the stock’s previous close.
Pentair (NYSE:PNR) last released its earnings data on Tuesday, January 28th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.01. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.81 million. During the same quarter last year, the company posted $0.47 earnings per share. Pentair’s revenue was up 9.5% compared to the same quarter last year.
The company also recently declared a dividend, which is scheduled for Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of 0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd.
A number of other firms have also recently commented on PNR. Analysts at FBR Capital Markets raised their price target on shares of Pentair from $55.00 to $65.00 in a research note to investors on Tuesday, December 31st. They now have a “market perform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Pentair from $65.00 to $75.00 in a research note to investors on Wednesday, December 18th. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Pentair from $80.00 to $82.00 in a research note to investors on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $76.64.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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