Pentair, Ltd. Registered Share Given Neutral Rating at Zacks (PNR)
Pentair, Ltd. Registered Share (NYSE:PNR)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Friday. They currently have a $77.00 price objective on the stock. Zacks‘s price target would indicate a potential upside of 5.83% from the stock’s previous close.
Zacks’ analyst wrote, “We maintain our Neutral recommendation on Pentair with a target price of $77.00. Pentair’s first-quarter 2014 adjusted earnings increased 26% year over year to $0.73 per share. Pentair reaffirmed its adjusted earnings per share guidance in the $3.85-$4.00 range for full-year 2014. The company will benefit from the strength in oil and gas markets, improvement in residential and commercial markets as well as strong food and beverage orders, stabilization across Europe and consistent share repurchases. However, weakness in the infrastructure vertical, a weak Australian economy and foreign exchange headwind in Canada remain concerns.”
Shares of Pentair, Ltd. Registered Share (NYSE:PNR) traded down 0.56% during mid-day trading on Friday, hitting $72.76. 2,021,876 shares of the company’s stock traded hands. Pentair, Ltd. Registered Share has a one year low of $57.38 and a one year high of $83.37. The stock has a 50-day moving average of $75.06 and a 200-day moving average of $76.50. The company has a market cap of $14.167 billion and a price-to-earnings ratio of 24.62.
Pentair, Ltd. Registered Share (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue 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.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of Pentair, Ltd. Registered Share in a research note on Friday. They set a “neutral” rating and a $83.00 price target on the stock. Separately, 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. 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. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.38.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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