Pentair, Ltd. Registered Share Sees Significant Decrease in Short Interest (PNR)
Pentair, Ltd. Registered Share (NYSE:PNR) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 3,373,751 shares, a decline of 38.6% from the April 30th total of 5,490,637 shares, Analyst Ratings News reports. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,234,658 shares, the days-to-cover ratio is presently 2.7 days.
PNR has been the subject of a number of recent research reports. Analysts at Cowen and Company initiated coverage on shares of Pentair, Ltd. Registered Share in a research note on Thursday, May 15th. They set a “market perform” rating and a $70.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pentair, Ltd. Registered Share in a research note on Wednesday, April 23rd. They now have a $79.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Pentair, Ltd. Registered Share from $93.00 to $91.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Pentair, Ltd. Registered Share has a consensus rating of “Buy” and a consensus target price of $79.28.
Shares of Pentair, Ltd. Registered Share (NYSE:PNR) opened at 77.42 on Thursday. Pentair, Ltd. Registered Share has a 52 week low of $55.49 and a 52 week high of $83.37. The stock’s 50-day moving average is $74.9 and its 200-day moving average is $76.2. The company has a market cap of $15.074 billion and a P/E ratio of 26.27.
Pentair, Ltd. Registered Share (NYSE:PNR) last released its earnings data on Tuesday, April 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Pentair, Ltd. Registered Share will post $3.93 earnings per share for the current fiscal year.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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