Key Takeaways From Parker Hannifin Analyst Ratings
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) received varied analyst ratings in the last quarter, with 5 bullish and 1 somewhat bullish out of 6 total ratings. The average 12-month price target is $502.0, up 5.8% from the previous $474.50, with a high of $551.00 and a low of $470.00. Analysts from firms including Goldman Sachs, Wells Fargo, Stifel, Deutsche Bank, and B of A Securities have maintained or raised their ratings and price targets, reflecting positive market conditions and company performance. Parker Hannifin's financials show strong revenue growth and net margin but a higher debt-to-equity ratio than industry average.
January 02, 2024 | 6:01 pm
News sentiment analysis
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POSITIVE IMPACT
Parker Hannifin's stock may see a positive short-term impact due to the overall bullish sentiment from analysts, an increased average price target, and strong financial indicators such as revenue growth and net margin.
The positive shift in analyst ratings and price targets typically indicates confidence in the company's future performance, which can lead to increased investor interest and a potential rise in stock price. The strong revenue growth and net margin reinforce this outlook, although the higher debt-to-equity ratio may temper some of the enthusiasm.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100