A Closer Look at 5 Analyst Recommendations For Parker Hannifin
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) has received varied analyst ratings over the past three months, with a recent shift towards a more bullish sentiment. The average 12-month price target has increased to $513.4, with a high estimate of $551.00 and a low of $500.00. Analysts from Stifel, Goldman Sachs, Wells Fargo, and Deutsche Bank have maintained or raised their price targets, reflecting positive expectations for the company's performance. Parker Hannifin's financials show strong revenue growth and net margin, but challenges in asset utilization and debt management.
January 19, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Analysts are bullish on Parker Hannifin, with recent price target raises and maintained ratings. Financials indicate strong revenue growth and net margin, but ROA and debt management need attention.
The positive shift in analyst ratings and raised price targets suggest a bullish sentiment that could lead to short-term price appreciation. The strong revenue growth and net margin are likely to be viewed favorably by investors, although the lower ROA and high debt-to-equity ratio may temper some of the enthusiasm. The confidence score reflects the direct correlation between analyst ratings and stock performance, but also accounts for the mixed financial indicators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100