Pall Corp.’s “Neutral” Rating Reiterated at Zacks (PLL)
Pall Corp. (NYSE:PLL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Monday. They currently have a $89.00 price target on the stock. Zacks‘s price target suggests a potential upside of 5.49% 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 $89.00. Pall reported strong fourth-quarter results with growth across both top and bottom lines. The company benefited from its improved operational execution and cost-reduction initiatives, despite the prevalent volatility in the global economy. The company is benefiting from strength in its LifeSciences segment, recovering economic conditions and strategic acquisitions. However, unfavorable foreign currency translation and an uncertain global economic environment remain headwinds for the company.”
A number of other firms have also recently commented on PLL. Analysts at Jefferies Group raised their price target on shares of Pall Corp. from $80.00 to $84.00 in a research note on Friday. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pall Corp. in a research note on Tuesday, June 3rd. They now have a $83.00 price target on the stock, up previously from $80.00. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $88.71.
Shares of Pall Corp. (NYSE:PLL) traded up 1.13% during mid-day trading on Monday, hitting $84.37. 1,007,079 shares of the company’s stock traded hands. Pall Corp. has a one year low of $69.38 and a one year high of $91.83. The stock’s 50-day moving average is $80. and its 200-day moving average is $84.40. The company has a market cap of $9.296 billion and a P/E ratio of 25.67.
Pall Corp. (NYSE:PLL) last announced its earnings results on Thursday, August 28th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.05. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $769.43 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Pall Corp. will post $3.88 earnings per share 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.