Jefferies Group Reiterates Buy Rating for Pentair, Ltd. Registered Share (PNR)
Pentair, Ltd. Registered Share (NYSE:PNR)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $83.00 price objective on the stock, down from their previous price objective of $94.00. Jefferies Group’s target price suggests a potential upside of 30.40% from the company’s current price.
PNR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Pentair, Ltd. Registered Share in a research note on Friday. They now have a $67.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of Pentair, Ltd. Registered Share from a “neutral” rating to an “underperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.97.
Shares of Pentair, Ltd. Registered Share (NYSE:PNR) opened at 63.65 on Friday. Pentair, Ltd. Registered Share has a 52-week low of $59.89 and a 52-week high of $83.37. The stock has a 50-day moving average of $72.16 and a 200-day moving average of $75.78. The company has a market cap of $12.393 billion and a P/E ratio of 21.56.
Pentair, Ltd. Registered Share (NYSE:PNR) last announced its earnings results on Thursday, July 31st. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.01. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $0.92 earnings per share. Pentair, Ltd. Registered Share’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Pentair, Ltd. Registered Share will post $3.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Stockholders of record on Friday, July 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Pentair, Inc (NYSE:PNR) is a focused diversified industrial manufacturing company.
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.