The Analyst Landscape: 8 Takes On Parker Hannifin
Portfolio Pulse from Benzinga Insights
In the last three months, 8 analysts have updated their ratings on Parker Hannifin (NYSE:PH), showing a diverse range of perspectives. The recent updates indicate a shift towards more bullish sentiments, with the average 12-month price target raised to $535.5, reflecting a 14.5% increase from the previous target. Analysts from firms like TD Cowen, Evercore ISI Group, and Barclays have raised their price targets, citing dynamic market conditions and company performance. Parker Hannifin's financials show a strong market presence, with a market capitalization above industry average, a revenue growth rate of 3.13%, and exceptional net margin and ROE figures.
March 01, 2024 | 6:00 pm
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Parker Hannifin has received updated bullish ratings from analysts, with an increased average 12-month price target of $535.5. The company's strong financial performance and market presence are highlighted, indicating a positive outlook.
The increase in bullish sentiment among analysts, reflected in the raised price targets and positive financial indicators such as revenue growth and net margin, suggests a strong short-term outlook for Parker Hannifin's stock. The company's superior market capitalization and performance metrics compared to industry averages further support this positive assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100