Pall Corp. Rating Reiterated by Zacks (PLL)
Pall Corp. (NYSE:PLL)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Friday. They currently have a $90.00 price target on the stock. Zacks‘s price target would suggest a potential upside of 4.64% from the stock’s previous close.
Zacks’ analyst wrote, “Pall Corporation is a leading manufacturer and marketer of filtration, separation and purification products. We are reaffirming our Neutral recommendation on Pall with a target price of $90.00. Pall had a decent second quarter with year over year earnings growth of 9.5% and revenues growing 6.4% year over year. Despite economic headwinds in some of Pall’s industrial end markets, the company reported profits attributable primarily to improved operational execution and favorable impact of structural cost actions. The company is expected to have a positive fiscal 2014 driven by strong LifeSciences segment and recovering economic conditions and the strategic initiatives taken by the company including increased investments in R&D and innovation. However, currency volatility remains a headwind. “
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Pall Corp. from $82.00 to $83.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Pall Corp. from $94.00 to $102.00 in a research note on Tuesday, March 25th. They now have an “outperform” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Pall Corp. from $78.00 to $82.00 in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Pall Corp. currently has a consensus rating of “Hold” and an average target price of $85.14.
Shares of Pall Corp. (NYSE:PLL) traded down 1.23% during mid-day trading on Friday, hitting $84.9531. The stock had a trading volume of 355,032 shares. Pall Corp. has a 1-year low of $64.00 and a 1-year high of $91.83. The stock has a 50-day moving average of $84.89 and a 200-day moving average of $84.62. The company has a market cap of $9.326 billion and a price-to-earnings ratio of 31.01.
Pall Corp. (NYSE:PLL) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.02. The company had revenue of $682.45 million for the quarter, compared to the consensus estimate of $679.81 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Pall Corp. will post $3.40 EPS for the current fiscal year.
Pall Corporation is a filtration, separation and purification company. The Company is a supplier of filtration, separation and purification technologies, principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.